| ID | 103257 |
| Title Proper | Global governance in a multipolar world |
| Other Title Information | the case for regional monetary funds |
| Language | ENG |
| Author | Desai, Raj M ; Vreeland, James Raymond |
| Publication | 2011. |
| Summary / Abstract (Note) | The reform of global financial governance is long overdue. Recent changes to the governance of the International Monetary Fund partially address the lack of representation of emerging market countries, but not their loss of confidence in the institution. In the meantime, alternative and perhaps better approaches to the problems of open economics are being proposed at a regional level. We describe these regional monetary funds and discuss their prospects. We conclude that because economic interdependence is strongest at the regional level, regional cooperation seems well-suited to a multipolar world. |
| `In' analytical Note | International Studies Review Vol. 13, No. 1; Mar 2011: p.109-121 |
| Journal Source | International Studies Review Vol. 13, No. 1; Mar 2011: p.109-121 |
| Key Words | Global Financial Governance ; International Monetary Fund ; Global Governance ; Multipolar World ; Regional Monetary Funds |