Proposals for a better International Financial System

• Author(s): Stephany Griffith-Jones • Published: June 2000
• Pages in paper: 23


This paper analyses three essential functions of global financial market management that currently are not properly met, and could best be met by new institutional developments: 1. prudential regulation; 2. provision of official liquidity to countries or markets in crises; and 3. emergency orderly work-out procedures. The paper reviews progress achieved regarding needed reform of the international financial architecture since 1998. It concludes that, although important progress has been made, it is urgent for further necessary measures to be taken. This is because recent crises have had an unacceptably high cost, especially for developing countries, and have discouraged future private investment, both by national and foreign investors.

Register for personal access to all papers for just £47.99

To download papers you need a subscription to World Economics Journal.
Get access to the full 20 year archive of thousands of papers and abstracts.

Order online now for 1 years immediate access for 1 user via username/password.

You do not need a PayPal account to pay by card.

Institutional Subscriptions, Contact Us
Existing Subscriber Log-in