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ISBN: 081570867XИздательство: Brookings Institution Press
Год издания: 2005
Book DescriptionAs the world?s economic structure outgrows its political structure, international collective governance has emerged as a dominant issue. The need for enhanced cooperation among national governments is increasingly urgent. In the first of three companion essays supporting his pathbreaking book Turbulent Waters: Cross-Border Finance and International Governance , Ralph C. Bryant focuses on supranational surveillance and lending intermediation as key elements of reform of the international financial system. At the heart of such efforts is the cooperative monitoring of national macroeconomic, exchange-rate, and balance of payments policies. Concurrently, Bryant argues, governments should streamline and strengthen intergovernmental lending intermediation for the liability financing of payments deficits through the International Monetary Fund. Delving deeper into the conclusions of his earlier volume, Bryant provides detailed analysis and technical...