The Future of the International Monetary System : Adjustment or Reform

With the current architecture of global monetary institutions and governance reaching a crisis point, this book engages with the scholarly and policy debates that have emerged around alternative devices and structures for the management of the international economy. The key question underpinning this edited volume is whether adjustments to the current global economic governance are enough or whether major reform is necessary, and in which direction, to avoid a crash of the system itself.Each contributor explores a specific area for possible adjustment or reform addressing key questions, including: What is the future of the international economic and monetary system?What reforms are to be prioritized to steer the global economy through the challenges of the next decades?What are the necessary steps to be taken during the transition?How can theoretical and policy issues concerning the foundation of a more efficient, multi- layered system of governance be resolved?The book will be of great interest to readers in international monetary systems, economic governance, and international finance and banking more broadly.