Series: IMF Working Papers
Author(s): Rakesh Mohan , Michael Patra , and Muneesh Kapur
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 November 2013
Keywords: currency internationalization, capital inflows, capital account liberalization, net capital, net capital flows, International Monetary Arrangements and Institutions, International Policy Coordination and Transmission, International Institutional Arrangements,
The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have pro...