Reforming the International Monetary and Financial System

by Peter B. Kenen (Editor)

This volume examines the implications of greater financial integration on the international monetary and financial system and how it should be reformed. Various experts consider the most disruptive manifestations of instability and the appropriate policy responses, including exchange rate volatility and misalignments; unstable capital flows to emerging market economies; abrupt capital flow reversals; and private sector involvement in crisis resolution. The IMF’s role in crisis prevention and resolution is also examined.

441 pages, Paperback

First published August 1, 2000

About the author

Peter Bain Kenen, Ph.D. (Harvard University, 1958; B.A., Columbia University, 1954) was the Walker Professor of Economics and International Finance at Princeton University, and senior fellow in international economics at the Council on Foreign Relations. Additionally, he was a fellow of the Center for Advanced Study in the Behavioral Sciences, a Guggenheim Fellow, and Ford Research Professor at the University of California.