Publication
Feb 2008
This paper examines rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and appropriate principles of monetary policy. The author analyzes the role of the IMF in light of the past experience in preventing currency crises and a systemic breakdown of the world's financial system and points out necessary IMF reforms. He discusses how the IMF should adjust to the structural changes in the world economy.
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English (PDF, 34 pages, 343 KB) |
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Author | Horst Siebert |
Series | Kiel Institute Working Papers |
Issue | 1401 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2008 Kiel Institute for the World Economy |