Globalization and the Reform of the International Banking and Monetary System: (Palgrave Macmillan Studies in Banking and Financial Institutions)

This book deals with one of the most crucial issues of our time: the need for successful monetary and banking reform. It gives an in-depth analysis of the origins, nature and consequences of the multiple aspects of the current systemic crisis and makes key recommendations for creating reform. Written by an international group of outstanding experts, this book proposes that the single most important task now is to start building a new, rule-based international monetary system. It argues for: * the need for a better balance between competition and solidarity at national and international levels * the need for the rollback of monetary nationalism and for a return of monetary internationalism * reducing the scope and attractiveness of financial speculation and of artificial risk creation and the return of the banking sector to its core functions serving both savers and investors * the emphasis on transparency and quality of corporate governance * the importance of pursuing trade liberalization * the convergence of interests of all countries in an open, liberal international economic order and in sustainable development

Table of Contents:
Acknowledgements Notes on the Contributors Introduction; O.Hieronymi From 'Global Finance' to the Crisis of Globalization; O.Hieronymi An Agenda for the Reform of the International Monetary System;O.Hieronymi The Global Financial Crisis, Central Banking and the Reform of the International Monetary and Financial System; M.Sakbani The Role of the IMF; D.Kaeser The Financial Landscape - Seen From a Converging Country; P.Bod International Institutional Reforms Between Economic Growth and Sustainable Development; B.Burgenmeier The Impact of Corporate Governance on Financial Markets; A.Baladi Banks, Their Role and Responsibility in the Crisis, Their Future; E.Carton Sovereign Wealth Funds: Strategies of Geo-Economic Power Projections; G.Csurgai The WTO's Doha Development Agenda: An Unclear Roadmap; S.Marchi The Multilateral Trading System: Special and Differential Treatment for Developing Countries in the WTO; C.Perez del Castillo Swiss Financial Self-Regulation Mechanisms in the Fight Against Money-Laundering and Terrorist Financing; N.Birchler An Epidemiologic Approach of Financial Markets; C.Viladent Notes Bibliography Index

About the Author :
OTTO HIERONYMI is Professor of International Relations, Webster University, Geneva, Switzerland. His previous positions include: International Economist, Morgan Guaranty Trust in New York, USA, Senior Economist, Battelle Memorial Institute in Geneva, Switzerland, and International Economic Advisor of the Hungarian Prime Minister and Members of the Economic Cabinet.