Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-xbtfd Total loading time: 0 Render date: 2024-11-08T05:02:06.720Z Has data issue: false hasContentIssue false

7 - The International Monetary System: Mitigating Risks from Dominance of the Dollar and India’s Stance

from Section 3 - Global Macroeconomic Coordination and Reforming International Financial Institutions

Published online by Cambridge University Press:  05 July 2014

Parthasarathi Shome
Affiliation:
Government of India
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
The G20 Macroeconomic Agenda
India and the Emerging Economies
, pp. 188 - 233
Publisher: Cambridge University Press
Print publication year: 2014

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Auerbach, Alan J. and Obstfeld, Maurice. 2010. ‘Too much focus on the Yuan?VoxEu.org.Google Scholar
Barhoumi, K. 2006. ‘Differences in Long Run Exchange Rate Pass-Through into Import Prices in Developing Countries: An Empirical Investigation’, Economic Modeling 23: 926–51.CrossRefGoogle Scholar
Bergsten, C. Fred. 1975. The Dilemmas of the Dollar. New York: New York University Press for the Council of Foreign Relations.Google Scholar
Bergsten, C. Fred. 2009. ‘The Deficits and the Dollar’. Foreign Affairs, November–December. NYU Press for CFR.Google Scholar
Bordo, Michael. 2010. The Future of the International Monetary System. Remarks prepared for the Conference on the International Monetary System: Old and New Debates, Paris, December.Google Scholar
Clarida, R. 2009. ‘With Privilege Comes…?’ Available at: http://www.pimco.com/LeftNav/Global+Markets/Global+Perspectives/2009/With+Privilege+Comes+Clarida+Oct+2009.htm# [Accessed in May–June 2010].Google Scholar
Cline, W. R. and Williamson, J.. 2010. ‘Estimates of Fundamental Equilibrium Exchange Rates’, Policy Brief PB10-15. Peterson Institute of International Economics, Washington D.C.Google Scholar
Corden, W. M. 1993. ‘Why Did the Bretton Woods System Break Down’. In A Retrospective on the Bretton Woods System, edited by Bordo, M. and Eichengreen, B.. Chicago: The University of Chicago Press.Google Scholar
D’Arista, Jane and Erturk, K. 2010. ‘The Case for International Monetary Reform’. Real-World Economics Review 54: 5880.Google Scholar
Eichengreen, Barry. 2004. ‘The Dollar and the New Bretton Woods System’. Henry Thornton Lecture delivered at the Cass School of Business, London, 15 December.Google Scholar
Eichengreen, Barry. 2008. Globalizing Capital: A History of the International Monetary System. 2nd ed. Princeton: Princeton University Press.CrossRefGoogle Scholar
Eichengreen, Barry. 2005. ‘Sterling’s past, dollar’s future: Historical perspectives on reserve currency competition’. NBER Working Paper No. 11336.Google Scholar
Eichengreen, Barry. 2009. ‘The dollar dilemma,Foreign Affairs 88(5): 5368.Google Scholar
Eichengreen, Barry. 2011. ‘The bear of Bretton Woods’. Project Syndicate, Project Syndicate Column.Google Scholar
Eichengreen, Barry and Flandreau, Marc. 2008. ‘The rise and fall of the dollar or when did the dollar replace sterling as the lead international currency?’. NBER Working Paper No. 14154, July.Google Scholar
Eichengreen, Barry and Temin, Peter. 2010. ‘Fetters of Gold and Paper’. VoxEu. July 30.Google Scholar
Goldberg, L. S. and Tille, C. 2008. ‘Vehicle currency use in international trade’. Journal of International Economics 76(2): 177–92.CrossRefGoogle Scholar
Gourinchas, Pierre-Olivier, Rey, H. and Govillot, N. 2010. ‘Exorbitant Privilege and Exorbitant Duty’. Paper presented at the IMES International Conference, Bank of Japan, Tokyo, May.Google Scholar
IIF. 2011. ‘Capital Flows to Emerging Market Economies’. Institute of International Finance, January 24.Google Scholar
Khundrakpam, J. 2007. ‘Economic Reforms and Exchange Rate Pass-through to Domestic Prices in India’. Bank of International Settlements.Google Scholar
Mallick, S. and Marques, H.. 2006. ‘Sectoral Exchange Rate Pass-Through: Testing the Impact of Policy Reforms in India’. Scottish Journal of Political Economy. 53: 280303.CrossRefGoogle Scholar
Mateos Lago, I., Duttagupta, R. and Goyal, R.. 2009. ‘The Debate on the International Monetary System’. IMF Staff Position Note, SPN/09/26, Washington D.C.Google Scholar
McKinnon, Ronald. 2010. ‘China Bashing over Yuan Needs a Long Rest’. Commentary. Available at: http://www.businessweek.com/news/2010-07-05/ [Accessed in May–June 2010].Google Scholar
Obstfeld, Maurice. 2010. ‘Expanding Gross Asset Positions and the International Monetary System’. Remarks at the Federal Reserve Bank of Kansas City symposium ‘Macroeconomic Challenges: The Decade Ahead’. Jackson Hole, Wyoming, August 26–28, 2010.Google Scholar
Maurice, Obstfeld and Taylor, Alan M.. 2003. ‘Globalization and Capital Markets’. In Globalization in Historical Perspective, edited by Bordo, Michel D., Taylor, Alan M. and Williamson, Jeffrey G., Chicago: University of Chicago Press, 121–83.Google Scholar
Obstfeld, Maurice, Shambaugh, Jay C. and Taylor, Alan M.. 2009. ‘Financial Instability, Reserves and Central Bank Swap Lines in the Panic of 2008’. American Economic Review 99(2): 480–86.CrossRefGoogle Scholar
Obstfeld, Maurice, Shambaugh, Jay C. and Taylor, Alan M.. 2010. ‘Financial Stability, the Trilemma, and International Reserves’. American Economic Journal: Macroeconomics 2(2): 5794.Google Scholar
Oliva, Juan C.M. 2011. ‘Can the G-20 Reform the International Monetary System?Real Time Economic Issues Watch. Peterson Institute for International Economics, 2 March.Google Scholar
Prasad, E. 2009. ‘Rebalancing Growth in Asia’. NBER Working Paper No. 15169.CrossRefGoogle Scholar
Triffin, Robert. 1961. Gold and the Dollar Crisis: The Future of Convertibility. Revised edition. New Haven: Yale University Press.Google Scholar
Truman, Edwin M. 2011. ‘International Monetary System Reform: Will the G-20 Make Significant Progress?’. Real Time Economic Issues Watch. Peterson Institute for International Economics, 23 February.Google Scholar
Williamson, John. 2009. ‘Why SDRs could rival the Dollar?’. Peterson Institute for International Economics, Policy Brief PB09-20.Google Scholar
Xiaochuan, Zhou. 2009. ‘Reform the international monetary system’. Essay by Dr Zhou Xiaochuan, Governor of the People’s Bank of China, 23 March 2009. Available at: http://www.bis.org/review/r090402c.pdf?frames=0 [Accessed in May–June 2010].Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×