The international monetary system, the IMF, and the G-20: a great transformation in the making?

Abstract

PART 1: RECONSTITUTION OF THE INTERNATIONAL MONETARY SYSTEM What Prospects for the International Monetary System? Patrick Artus What Should We Think About When Refounding the International Monetary System? J. Bradford DeLong Reforming Bretton Woods to Promote World Harmony and Stability Li Ruogu The US Current Account Deficit and the Future of the World Monetary System Robert Skidelsky Implications of Structural Changes for Management of the Global Economy Edwin M. Truman PART 2: NEW PLAYERS, NEW RESPONSIBILITIES: ASIA AND EMERGING MARKETS IN THE INTERNATIONAL MONETARY SYSTEM The BRIC Dream: An Update Michael Buchanan Institutions to Promote Financial Stability: Reflections on East Asia and an Asian Monetary Fund Gordon de Brouwer East Asian Economic Regionalism: Update Masahiro Kawai The Role of ASEAN+3 in Regional Policy Surveillance in East Asia Yung Chul Park The Internationalization of Markets for Local Currency Bonds Philip Turner The Evolving Exchange Rate Regimes in East Asia Yu Yongding PART 3: GLOBAL IMBALANCES AND THEIR IMPLICATIONS FOR THE INTERNATIONAL MONETARY SYSTEM Understanding Global Imbalances Richard N. Cooper Remarks on Global Imbalances Dietrich Domanski Global Imbalances: The New Economy, the Dark Matter, the Savvy Investor, and the Standard Analysis Barry Eichengreen Ongoing Risks from the US Current Account Deficit Brad Setser Domestic Investment and External Imbalances in East Asia Jong-Wha Lee and Warwick J. McKibbin PART 4: A NEW IMF IN THE MAKING? Sixty Years After Bretton Woods: Developing a Vision for the Future Jack Boorman Assessing the Future of the IMF: Its Role, Relevance, and Prospective Reform John Lipsky Reforms of the International Monetary System John Williamson The Future of the International Monetary Fund Nouriel Roubini and Brad Setser Rethinking the IMF Business Model: Proposals for Assessment and Reform of the IMF's Medium-Term Strategy Angel Ubide