Reshaping the International Monetary Architecture: Lessons from the Keynes Plan

As we witness profound turmoil in the global economy, and as it becomes apparent that the so-called "Revived Bretton Woods System" might be nothing more than a temporary non sustainable financing of the US structural imbalance favored by the global role of the dollar, which has increased t...

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Main Author:	Piffaretti, Nadia F.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	International Monetary Arrangements and Institutions F330 Economic History: Financial Markets and Institutions: General, International, or Comparative N200
Online Access:	http://hdl.handle.net/10986/4842

id	okr-10986-4842
recordtype	oai_dc
spelling	okr-10986-48422021-04-23T14:02:19Z Reshaping the International Monetary Architecture: Lessons from the Keynes Plan Piffaretti, Nadia F. International Monetary Arrangements and Institutions F330 Economic History: Financial Markets and Institutions: General, International, or Comparative N200 As we witness profound turmoil in the global economy, and as it becomes apparent that the so-called "Revived Bretton Woods System" might be nothing more than a temporary non sustainable financing of the US structural imbalance favored by the global role of the dollar, which has increased the overall vulnerability of the global financial architecture, it's worth revisiting the origins of the Bretton Woods conference, and pointing out the relevance for today's framework of Keynes' original 1942 plan for an International Clearing Union. In this note we explore the main characteristics of Keynes' original plan, by revisiting his original writings between 1940 and 1944, and we outline its relevance to the current debate on the international financial architecture. We'll argue that reforms of the international financial architecture should include anchoring the international monetary system on sounder institutional ground. 2012-03-30T07:30:01Z 2012-03-30T07:30:01Z 2009 Journal Article Banks and Bank Systems 18167403 http://hdl.handle.net/10986/4842 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	International Monetary Arrangements and Institutions F330 Economic History: Financial Markets and Institutions: General, International, or Comparative N200
spellingShingle	International Monetary Arrangements and Institutions F330 Economic History: Financial Markets and Institutions: General, International, or Comparative N200 Piffaretti, Nadia F. Reshaping the International Monetary Architecture: Lessons from the Keynes Plan
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	As we witness profound turmoil in the global economy, and as it becomes apparent that the so-called "Revived Bretton Woods System" might be nothing more than a temporary non sustainable financing of the US structural imbalance favored by the global role of the dollar, which has increased the overall vulnerability of the global financial architecture, it's worth revisiting the origins of the Bretton Woods conference, and pointing out the relevance for today's framework of Keynes' original 1942 plan for an International Clearing Union. In this note we explore the main characteristics of Keynes' original plan, by revisiting his original writings between 1940 and 1944, and we outline its relevance to the current debate on the international financial architecture. We'll argue that reforms of the international financial architecture should include anchoring the international monetary system on sounder institutional ground.
format	Journal Article
author	Piffaretti, Nadia F.
author_facet	Piffaretti, Nadia F.
author_sort	Piffaretti, Nadia F.
title	Reshaping the International Monetary Architecture: Lessons from the Keynes Plan
title_short	Reshaping the International Monetary Architecture: Lessons from the Keynes Plan
title_full	Reshaping the International Monetary Architecture: Lessons from the Keynes Plan
title_fullStr	Reshaping the International Monetary Architecture: Lessons from the Keynes Plan
title_full_unstemmed	Reshaping the International Monetary Architecture: Lessons from the Keynes Plan
title_sort	reshaping the international monetary architecture: lessons from the keynes plan
publishDate	2012
url	http://hdl.handle.net/10986/4842
_version_	1764392972113149952

Reshaping the International Monetary Architecture: Lessons from the Keynes Plan

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