The international monetary system: where are we and where do we need to go? by Rakesh Mohan, Michael Debabrata Patra and Muneesh Kapur publlished by IMF (11/2013). “The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have promoted greater volatility in financial markets, leading to recurrent financial crises…”
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