October 05, 2011
The Liberalization and Management of Capital Flows — An Institutional View; November 14, 2012
- Paper
- PIN
- IMF Survey article
Effects of Capital Flow Liberalization—What is the Evidence from Recent Experiences of Emerging Market Economies?; Saadi Sedik and Sun; November 16, 2012
Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies; Poghosyan; November 8, 2012
Communiqué of the Twenty-Sixth Meeting of the International Monetary and Financial Committee (IMFC); October 13, 2012
IMF Managing Director's Global Policy Agenda for the IMFC Meeting; October 2012
International Capital Flows and Debt Dynamics; Evans; July 1, 2012
Reforming the Economic System ; Podcast Martin Wolf; June 8, 2012
Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis; Bhatia and Bayoumi; June 1, 2012
Liberalizing Capital Flows and Managing Outflows; May 4, 2012
- Paper
- PIN
- Background Paper
Communiqué of the Twenty-Fifth Meeting of the IMFC; April 21, 2012
Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Markets; Ostry, Ghosh and Chamon; February 29, 2012
IMF Conference: Analyzing (External) Imbalances; February 2, 2012
Capital Inflows, Exchange Rate Flexibility, and Credit Booms; Magud, Reinhart and Vesperoni; February 1, 2012
Internationalization of Emerging Market Currencies: A Balance Between Risks and Rewards; Maziad, Farahmand, Wang, Segal and Ahmed; October 19, 2011
Financial Deepening and International Monetary Stability; Goyal, Marsh, Raman, Wang and Ahmed; October 19, 2011
Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System (IMF Book Event); Eichengreen; October 19, 2011
- Event page
- IMF Survey Article
Communiqué of the 24th Meeting of the IMFC: Collective Action for Global Recovery; September 25, 2011
The Managing Director’s Action Plan to the IMFC; September 24, 2011
Consolidated Multilateral Surveillance Report; September 2011
The IMF and the International Monetary System: Lessons from the Crisis (Per Jacobsson Foundatation Lecture); Weber; September 25, 2011
- Text of the lecture
- Video of event
The Case for a General Allocation of SDRs During the Tenth Basic Period; June 2011
IMF Survey: Panel Calls for a Greater Asian Role in International System; May 2011
Strengthening the International Monetary System - Taking Stock and Looking Ahead; March 2011
Strengthening Assessing Reserve Adequacy; IMF Policy Papers; February 2011
Toward a More Stable International Monetary System; Strauss-Kahn; February 2011
Enhancing International Monetary Stability—A Greater Role for the SDR?; February 2011
- Public Information Notice
- Main Paper
- Supplement
Reserve Accumulation and International Monetary Stability; April 2010
- Public Information Notice
- Main Paper
- Supplement
Exchange Rate Regimes and the Stability of the International Monetary System : Overview only; Atish R. Ghosh, Jonathan D. Ostry, and Charalambos Tsangarides; 2010
The Debate on the International Monetary System; I. Mateos y Lago, R. Duttagupta, R. Goyal; November 2009
Reserve Currencies in the Post-Crisis International Monetary System; Moghadam; September 2009
High International Reserves: An Embarrassment of Riches?; Moghadam; September 2009
A New Bretton Woods?; Boughton; March 2009
The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Application ; Jeanne and Rancière; October 2006
On the Need for an International Lender of Last Resort; S. Fischer; January 1999
Proposals for an International Currency (or Clearing) Union (1942) and Proposals for an International Clearing Union (1943) -- Scanned document; Keynes, John Maynard; 1969
Preliminary Draft Proposal for a United Nations Stabilization Fund and a Bank for Reconstruction and Development of the United and Associated Nations (1942) and Preliminary Draft Outline of a Proposal for an International Stabilization Fund of the United and Associated Nations (revised 1943) -- Scanned document; White, Harry Dexter; 1969
Final Communiqué of the Meetings of the G-20 Finance Ministers and Central Bank Governors Mexico City; November 5, 2012
Global Prospects and Policy Challenges - Note for Meetings of the G-20 Finance Ministers and Central Bank Governors Mexico City; November 4-5, 2012
G20 Leaders' Declaration; Los Cabos, Mexico; June 9, 2011
Statement by IMF Managing Director Christine Lagarde on the G-20 Cannes Summit; Cannes; November 4, 2011
G20 Cannes Summit Final Declaration; Cannes; November 4, 2011
G20 Leaders Summit Final Communique; Cannes; November 4, 2011
G20 Principles for Cooperation Between the IMF and Regional Financing Arrangements; November 4, 2011
Communiqué of Finance Ministers and Central Bank Governors of the G-20; Paris, October 15, 2011
- English
- Français
Communiqué of Finance Ministers and Central Bank Governors of the G-20; Washington DC, September 22, 2011
Palais Royal Initiative (Camdessus Group) Report; Longer version (February 2011) | Initial Report (January 2011)
G20 Principles for Cooperation between the IMF and Regional Financing Arrangements, as endorsed by G20 Finance Ministers and Central Bank Governors October 15, 2011
The renminbi bloc is here: Asia down, the rest of the world to go?; Subramanian and Kessler; October 27, 2012
U.S. Monetary Policy and International Implications; Bernanke; October 14, 2012
The Renminbi Challenge; Eichengreen; October 9, 2012
The dollar's days as reserve currency are numbered -- Subscription required; Eichengreen; October 8, 2012
Fixed versus flexible exchange-rate regimes: Do they matter for real exchange-rate persistence?; Bergin, Glick and Wu; October 4, 2012
The Federal Reserve and Currency Wars; Ocampo; October 2, 2012
Time for international monetary coordination; Manasse; September 3, 2012
Is the Age of Dollar Dominance Coming to an End?; Eichengreen; August 1, 2012
Foreign-exchange intervention and the fundamental trilemma of international finance: Notes for currency wars; Bordo, Humpage and Schwartz; June 18, 2012
The Dollar and its Discontents; Olivier Jeanne, May 31, 2012
The next steps in ASEAN+3 monetary integration; Pradumna B. Rana, 27 May 2012
When did the dollar overtake sterling as the leading international currency? Evidence from the bond markets; Chitu, Eichengreen and Mehl; May 23, 2012
- Summary
- Paper (for subscribers only)
Beggar-thy-neighbours? Spillover effects of exchange rates; Mattoo, Mishra and Subramanian; May 23, 2012
Country Size, Currency Unions, and International Asset Returns -- Abstract only, access to full paper for subscribers; Hassan; May 2012
Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls -- Abstract only, access to full paper for subscribers; Forbes, Fratzscher, Kostka and Straub; May 2012
Prudential Policy for Peggers -- Abstract only, access to full paper for subscribers; Schmitt-Grohe and Uribe; May 2012
Reform needed before Chinese currency joins top league; Vallée; March 21, 2012
The turn of emerging countries; Angeloni; February 23, 2012
The renminbi's prospects as a global reserve currency; Prasad and Ye; February 16, 2012
Europe v. World; Truman; February 14, 2012
Global liquidity and its international repercussions; Coeuré; February 6, 2012
Don't let the euro-crisis go east; Bénassy-Quéré, Fan, Kawai, Kim, Park, Pisani-Ferry, Vines and Yu; February 3, 2012
Gold and the international monetary system; Chatham House; February 2012
How to Discourage Currency Manipulation–Tax It Heavily; Gagnon; January 31, 2012
Does the renminbi matter? Evidence from China's disaggregated processed exports; Thorbecke; January 29, 2012
The ten roots of the Euro crisis; Darvas; January 11, 2012
Report of the IEFS panel on "Financial Integration and Global Rebalancing"; Chinn; January 9, 2012
The New International Economic Disorder; El-Erian; December 21, 2011
Reform of the international monetary and financial system; Bush and Farrant; December 21, 2011
China’s dominance hypothesis and the emergence of a tripolar global currency system; Fratzscher and Mehl; December 15, 2011
The Dollar’s Long Tail; Sanyal; November 28, 2011
How can the impossible trinity not apply to Asia?; Grenville; November 26, 2011
The Rise of the Renminbi as International Currency: Historical Precedents; Frankel; October 6, 2011
What makes a reserve currency? -- Requires subscription; FTAlphaville; October 5, 2011
How to deal with a global Triffin dilemma; Saccomanni; October 4, 2011
The Triffin dilemma revisited; Bini Smaghi; October 3, 2011
Currency wars: Lessons from the US experience: 1973-95; Bordo and Humpage; October 3, 2011
An Examination of U.S. Dollar Declines; Roosevelt D. Bowman and Jan J. J. Groen; September 26, 2011
Currency wars; Dadush and Eidelman; September 23, 2011
Managing exchange rate misalignment and current account imbalances -- ECB Research Bulletin; Dedola; Summer 2011, pp. 2-7
Countering the Contagious West; El-Erian; September 19, 2011
Reforming the International Monetary System; Farhi, Gourinchas and Rey; September 19, 2011
- e-Book
- Article
The 2008-09 Global Financial Crisis: Lessons for Country Vulnerability Frankel; September 18, 2011
Will the US dollar be dethroned as the global currency? Darvas; September 2011
Monetary Challenges in a Multipolar World: Can international monetary reform succeed? Pisani-Ferry; September 2011
Monetary policy before the crisis; Gerlach and Moretti; August 2011
International Financial Crises and the Multilateral Response: What the Historical Record Shows -- Abstract only, access to full paper for subscribers; Barkbu, Eichengreen and Mody; August 2011
Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis -- Abstract only, access to full paper for subscribers; Rose and Spiegel; August 2011
What Can Replace the Dollar?; Eichengreen; August 2011
Global currencies for tomorrow: a European perspective; Bruegel; July 2011
From lender of last resort to global currency? Sterling lessons for the US dollar; Flandreau, M. and Ugolini, S.; July 2011
The capital flow conundrum; Dadush, U. and Stancil, B.; July 2011
The 'strong dollar' policy of the US: Alice-in-Wonderland semantics vs. economic reality; Buiter, W. and Rahbari, E.; June 2011
A Post-Crisis World of Risk; Spence, M; June 2011
Exchange rate anchoring - Is there still a de facto US dollar standard?; Bracke and Bunda; June 2011
How to Kill a Dollar; Eichengreen, Barry; June 2011
Dollar’s reserve currency status looks secure; Oxford Analytica; May 2011
The Outlook for International Monetary System Reform in 2011: A Preliminary Report Card; Truman; May 2011
The Future of the International Monetary System — Lessons from 1971 for Europe and the Rest of the World in Light of Past and Present Experience; Stark; May 2011
Towards a multi-polar currency and reserve system; Trairatvorakul; May 2011
Rival Currencies Take Aim at Dollar’s Dominance; Der Spiegel; May 2011
Why are reserves so big? And who’s to blame?; Dadush and Stancil; May 2011
Global imbalances and the paradox of thrift; Corden; April 2011
The Bear of Bretton Woods; Eichengreen; April 2011
Reform of the international monetary system: Some concrete steps; Bénassy-Quéré, Pisani-Ferry and Yu; March 2011
International Symposium on “Regulation in the face of global imbalances”; Banque De France; March 2011
The international monetary system: If it ain’t broke, don’t fix it; Dadush and Eidelman; February 2011
International Monetary System Reform: Will the G-20 Make Significant Progress?; Truman; February 2011
The Long March Towards a Multipolar Monetary Regime; Bénassy-Quéré and Pisani-Ferry; February 2011
Why world needs three global currencies -- Requires subscription; Bergsten; February 2011
Currencies: Strength in reserve -- Requires subscription; Beattie; February 2011
Quelle Reforme Pour Le Systeme Monetaire International? -- in French; Farhi, Gourinchas and Rey; January 2011
The International Monetary System after the Financial Crisis; Dorucci and McKay; February 2011
The Financial Crisis and the Strengthening of Global Policy Cooperation; pp. 87-97; January 2011
International Monetary System; Banque De France; 2010
The Future of the International Monetary System; Bordo; December 2010
Reforming the International Monetary System; Coats; December 2010
Macro-Governance and the Great Game of International Monetary Reform; Miller; December 2010
How Have Multiple Reserve Currencies Functioned in the Past? Why were the Rules-Based Adjustment Indicator and the Substitution Account abandoned in the past?; Schenk; December 2010
Building an SDR-based Global Reserve System; Ocampo; 2010
The Federal Reserve, the Bank of England and the rise of the dollar as an international currency, 1914-39; Eichengreen and Flandreau; November 2010
International Monetary Arrangements; Landau; September 2010
The Future of the Global Reserve System – An Asian Perspect; Asian Development Bank; June 2010
Does the SDR have a future? ; Cooper; March 2010
The exorbitant privilege from a global perspective; Habib; 2010
The Dollar: Dominant no more?; Eichengreen; January 2010
Understanding SDRs; Williamson; 2009
Special Drawing Rights and the Reform of the Global Reserve System (G24); Ocampo; 2009
Out of the Box Thoughts about the International Financial Architecture; Eichengreen; 2009
The dollar's fall reflects a new role for reserves -- Requires subscription; Feldstein; December 2009
What Triffin dilemma?!; Chavelle; October 2009
On the Agenda for Bretton Woods II; Williamson; October 2009
Why SDRs Could Rival the Dollar; Williamson; September 2009
UN Commission Report on the Reform of the International Financial Architecture; September 2009
An International Monetary Fund Currency to Rival the Dollar? Why Special Drawing Rights Can’t Play That Role ; Aiyar; July, 2009
The Chinese Proposal for a New Global Super Currency; Requires Subscription; Roubini; June 2009
Will SDRs supplant the dollar?; Humpage; May 2009
We should listen to Beijing's currency idea -- Requires subscription; Bergsten; April 2009
The need for a global lender of last resort; Calvo; March 2009
Reform the International Monetary System; Zhou; March 2009
A grand bargain for the London G20 summit: Insurance and obeying the rules; Goldstein; February 2009
Why agreeing on a new Bretton Woods is vital and so hard -- Requires subscription; Wolf; Financial Times; November 2008
Reinventing Bretton Woods Committee: Building an International Monetary and Financial System for The 21st Century: Agenda for Reform; Conference Agenda and Papers; November 2008
The IMF as a global Fed; Chavelle; October 2008
End of the BWII regime; Setser; October 2008
The Fund must be a global asset manager -- Requires subscription; Bordo and James; October 2008
Will the Bretton Woods 2 (BW2) Regime Collapse Like the Original Bretton Woods Regime Did? The Coming End Game of BW2 -- Requires subscription; Roubini; July 2008
Why the euro will rival the dollar; Chinn and Frankel; 2008
Blueprint for Reform; Sachs; 2008
Will there be a dollar crisis? -- Abstract only, full text requires subscription; Krugman; 2007
From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege -- Abstract only, full text requires subscription; Gourinchas and Rey; 2005
An Essay on the Revived Bretton Woods System; Dooley, Folkerts-Landau and Garber -- Abstract only; 2003