1: A Brief History of the International Monetary System Since Bretton Woods 2: The Provision of Global Liquidity: The Global Reserve System 3: Global Monetary Cooperation and the Exchange Rate System 4: Capital Account Liberalization and Management 5: Resolution of Balanace of Payments Crises: Emergency Financing and Debt Workouts 6: The Governance of the International Monetary System 7: Reforming the (Non)System
Jose Antonio Ocampo is a Professor at Columbia University and Chair of the Committee for Development Policy of the UN Economic and Social Council (ECOSOC). He has previously held positions as the UN Under-Secretary-General for Economic and Social Affairs, Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), and Minister of Finance, Minister of Agriculture, and Director of the National Planning Office of Colombia. He has been awarded the 2012 Jaume Vicens Vives award of the Spanish Association of Economic History for the best book on Spanish or Latin American economic history, the 2008 Leontief Prize for Advancing the Frontiers of Economic Thought, and the 1988 Alejandro Angel Escobar National Science Award of Colombia.
Jose Antonio Ocampo, one of the world class economists, offers us
here the elements of a comprehensive yet evolutionary reform of the
international monetary system. This book is a urgent read for the
G20, and for all those who consider a stable system to be key to
international public good. * Michel Camdessus, former IMF Managing
Director *
This book is a must-read for all who want to understand the gaps of
the international monetary system, as well as the links between the
workings of national economies and of that system. It is remarkable
not only in providing a truly global perspective but also a deep
analysis of the flaws of the system vis-a-vis emerging and
developing countries. * Kemal Dervis, Vice-President and Director
of Global Economy and Development at Brookings Institution, USA.
*
Jose Antonio Ocampo is one of the most thoughtful critics of the
international monetary system, but more significantly he is a
prolific source of ideas for its reform. Implementing such
ambitious reforms will not be easy - there are formidable
diplomatic and political obstacles to overcome - but a first
important step is to be clear on the concepts. There's no one
better than Ocampo at conceptualizing the system, its flaws, and
its fixes. * Barry Eichengreen, Professor at the University of
California at Berkeley, USA *
Once in a while one comes across something that is so
self-evidently right that one is momentarily surprised that it has
not already been introduced, until one reflects on the current
mediocre leadership of the world economy. That was my reaction on
reading Jose Antonio Ocampo's tour de force on reforming the
international monetary system. On topic after topicreserves,
adjustment, the capital account, emergency financing, debt
workouts, the institutional infrastructurehe combines reason with
judgment of what may reasonably be sought. * John Williamson,
Senior Fellow at the Peterson Institute for International
Economics, USA. *
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