Towards a new international financial system?

Abstract

Recent financial and currency crises have given rise to debates regarding the creation of a new international financial system designed to enhance the functioning of financial markets and avoid turmoil, by improving regulations and surveillance instruments on an international basis. In this paper, we present and assess the latest and most important reports, standards, and guidelines issued by multilateral agencies such as IMF, IOSCO, World Bank, BIS and FSF.