Park, Yung Chul; Wyplosz, Charles - Asian Development Bank Institute, Asian Development Bank - 2012
This paper reviews some of the current debates on the reform of the international monetary system. Despite its … either an international medium of exchange or a reserve currency. The International Monetary Fund (IMF) has changed its … multilateralized Chiang Mai Initiative. The currency swap arrangements portend a new form of international cooperation. Finally, for …