An Agenda for the Reform of the International Monetary System

  • Otto Hieronymi
Part of the Studies in Banking and Financial Institutions book series (SBFI)


It is clear that beyond the level of crisis management that largely prevailed in late 2008 and in the early months of 2009, there is also a need for more systematic and balanced long-term reforms. The growing awareness of the need for longer-term reforms was reflected in the debate that led up to the London Summit of the Group of 20 (G20), in the “Global Plan for Recovery and Reform” adopted by the 20 participants on April 2, 2009 and in the several more detailed texts also adopted by the G20. A first reading of these texts confirms the strong desire to create an atmosphere of positive change, of broad national actions and of international cooperation.1


Monetary Policy Central Bank International Monetary Fund Current Account World Trade Organization 
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© Otto Hieronymi 2009

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  • Otto Hieronymi

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