Reforming the International Financial Architecture: The East Asian View
Despite the measures that have already been put in place to strengthen the international financial architecture in the wake of the Asian financial crisis, still much remain to be done. This paper tried to distinguish developing economies’ views, in general, and East Asian views, in particular, on reforming the international financial architecture from the G7 and G7-led institutions’ views and found substantial differences. From East Asia’s and developing economies’ perspective, the present discussions on reforming the international financial architecture that take place mainly within G7 and G7-led institutions are unlikely to lead to solutions for the prevention of future crises. East Asia’s and developing economies’ concern regarding the governance structure for reforming the international financial architecture and the Bretton Woods Institutions, establishment of regional financial arrangement, and some of the substantive aspects of the proposed reform package deserve to be given utmost consideration in discussions on strengthening the international financial system.
|Date of creation:||2000|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.pids.gov.ph/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- C. Fred Bergsten, 2000. "The New Asian Challenge," Working Paper Series WP00-4, Peterson Institute for International Economics.
- V.V. Chari & Patrick J. Kehoe, 1999. "Asking the right questions about the IMF," Annual Report, Federal Reserve Bank of Minneapolis, pages 3-26.
- Andrew K. Rose, 1999. "Is there a case for an Asian Monetary Fund?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue dec17.
When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2000-37. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aniceto Orbeta)
If references are entirely missing, you can add them using this form.