The paper argues that the design of the international financial system should take into consideration three problems: financial market instability; basic macroe

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free P

"This paper analyzes current stresses in the two key areas that concerned the architects of the original Bretton Woods system: international liquidity and excha

This paper analyzes asymmetries in direct investment positions reported in the Coordinated Direct Investment Survey (CDIS) following a top down approach. First,

Is the international financial architecture debate over? Not according to leading experts gathered together in this impressive volume who try to identify the ke