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The Governance of the International Monetary System

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  • José Antonio Ocampo

Abstract

This paper proposes a reformed architecture of the international monetary system based on three pillars. The first is a representative apex organization, which can be understood as a transformation of the G-20 into a representative international institution. The second is the continuous reform of 'voice and participation' of developing countries in the Bretton Woods Institutions and global regulatory bodies.

Suggested Citation

  • José Antonio Ocampo, 2015. "The Governance of the International Monetary System," WIDER Working Paper Series wp-2015-046, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2015-046
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2015-046.pdf
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    References listed on IDEAS

    as
    1. Ilene Grabel, 2012. "Financial Architectures and Development: Resilience, Policy Space, and Human Development in the Global South (revised June 2012)," Working Papers wp281_revised, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Culpeper, Roy, 2006. "Reforming the global financial architecture: the potential of regional institutions," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1925, September.
    3. -, 2006. "Regional financial cooperation," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1922 edited by Eclac, September.
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