000			01071pab a2200145 454500
008			180718b1998 xxu||||| |||| 00| 0 eng d
100			_aSrinivasan, T.N.
245			_aStrengthening the international financial architecture
260			_c1998
300			_ap.1-17
520			_aAfter reviewing the post-World War II evolution of the international financial architecture, this paper presents a critical appraisal of current proposals for reform: limiting capital account convertibility, introducing an international lender of last resort, and reforming debt market institutions and instruments. These proposals do not quite examine whether the potential of triggering a contagious crisis is confined to a few countries. Instead of looking for an institutional frame work that in an abstract and universal sense minimizes the probability of a crisis, a more modest approach focusing on countries that could potentially trigger a crisis could have a much higher payoff. - Reproduced
650			_aEconomic recession
773			_aAsian Development Review
909			_a44793
999			_c44793 _d44793