Reforming the international monetary and financial system /

Table Of Contents:
Preface vii
Acknowledgments viii
Abbreviations ix
Contributors xi
Part I. Key Issues of Reform

Overview 3(6)

Peter B. Kenen

Alexander K. Swoboda

International Financial and Monetary Stability: A Global Public Good 9(10)

Michel Camdessus
Part II. Maintaining Stability Under High Capital Mobility

The Euro, Yen, and Dollar: Making the Case Against Benign Neglect 19(56)

Benoit Coeure

Jean Pisani-Ferry

Comments

Let Exchange Rates Float 47(5)

Alan S. blinder

Foreign Exchange Origins of Japan's Liquidity Trap 52(15)

Ronald McKinnon

The Case for Benign Neglect 67(8)

Horst Siebert

Moderating Fluctuations in Capital Flows to Emerging Market Economies 75(100)

Michael Mussa

Alexander K. Swoboda

Jeromin Zettelmeyer

Olivier Jeanne

Comments

Lessons from the Czech Experience 143(5)

Oldrich Dedek

Emerging Market Crises: Origins and Remedies 148(7)

Rudiger Dornbusch

Who Is to Blame for the Crises? 155(6)

David Folkerts-Landau

Policy Options for Capital Importers 161(14)

Roberto Zahler

When Capital Inflows Suddenly Stop: Consequences and Policy Options 175(52)

Guillermo A. Calovo

Carmen M. Reinhart

Comments

The Balance between Adjustment and Financing 202(9)

Montek S. Ahluwalia

The Balance Between Structural and Macroeconomic Adjustment 211(4)

Yoon Je Cho

Can the Right Balance Be Achieved? 215(6)

Jeffrey A. Frankel

On Dysfunctional Adjustment and Financing 221(6)

Peter B. Kenen

Is Greater private Sector Burden Sharing Impossible? 227(66)

Barry Eichengreen

Comments

Private Sector Participation in Crisis Prevention and Resolution 255(10)

William R. Cline

On Debt Management and Collective-Action Clauses 265(12)

Pablo E. Guidotti

More Private Sector Involvement and Less Official Financing 277(8)

J. de Beaufort Wijnholds

Private Sector Burden Sharing 285(8)

Martin Wolf
Part III. The Role of the International Monetary Fund

The Role of IMF Advice: A Postcrisis Examination 293(52)

Takatoshi Ito

Comments

Evaluating IMF Programs 324(5)

Mohsin S. Khan

The Case of Thailand 329(3)

Kiettisak Meecharoen

A Mixed Record for IMF Advice 332(6)

John Williamson

Mexico as a Benchmark Case 338(7)

Guillermo Ortiz Martinez

Refocusing the Role of the International Monetary Fund 345(50)

David Lipton

Comments

On the Financial Role of the IMF 366(4)

Jack Boorman

The Low-Income Countries' Stake in IMF Reform 370(3)

Kwesi Botchwey

Would Reforming the IMF Stabilize Global Finance? 373(6)

Charles W. Calomiris

Ideas on Reforming the International Financial System 379(11)

Yung Chul park

Some Lessons from the Russian Crisis 390(5)

Tatiana Paramonova
Part IV. Conclusion

Key Issues in International Monetary and Financial Reform: A Personal Record of the Conference 395(33)

Alexander K. Swoboda

Jeromin Zettelmeyer
Conference Program 428