This volume provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monet

When are developing countries able to initiate periods of rapid growth and why have so few been able to sustain growth over decades? This book provides a novel

A penetrating account of how unchecked capital mobility is damaging international cooperation, polarizing the economic landscape, and ultimately reshaping the g

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a

As the world becomes increasingly globalized, the need for governments to continually cooperate to achieve global objectives has become irreversible. This book