CINECA IRIS Institutional Research Information System
IRIS è il sistema di gestione integrata dei dati della ricerca (persone, progetti, pubblicazioni, attività) adottato dall'Università degli Studi di Torino.
AperTO è l'archivio istituzionale Open Access destinato a raccogliere, rendere visibile e conservare la produzione scientifica dell'Università degli Studi di Torino.
EnglishThe purpose of this paper is to investigate why, until recently, the phenomenon of monetary regionalism has not properly been taken into account by the International Monetary Fund (IMF), and whether monetary regionalism is likely to affect the current debate on the IMF governance reform. Before describing the main features of existing Regional Monetary Integrations (RMIs) and their relations with the Fund, we will briefly summarize the WTO rules governing members’ participation in Regional Trade Arrangements (RTAs). Our intent is to emphasize the difference between the international monetary system and the international trading system with respect to the issue of regionalism. The IMF Articles do not contain a provision similar to GATT Art. XXIV on RTAs. However, the success of RMIs in ensuring stability is pushing the IMF to recognise their systemic importance. This evolution, which started with the formalization of surveillance procedures over currency unions, could eventually lead to the unions’ admittance as separate members.
| Titolo: | Monetary Regionalism: A Challenge to the IMF |
| Autori Riconosciuti: | |
| Autori: | Annamaria Viterbo |
| Data di pubblicazione: | 2007 |
| Abstract: | The purpose of this paper is to investigate why, until recently, the phenomenon of monetary regionalism has not properly been taken into account by the International Monetary Fund (IMF), and whether monetary regionalism is likely to affect the current debate on the IMF governance reform. Before describing the main features of existing Regional Monetary Integrations (RMIs) and their relations with the Fund, we will briefly summarize the WTO rules governing members’ participation in Regional Trade Arrangements (RTAs). Our intent is to emphasize the difference between the international monetary system and the international trading system with respect to the issue of regionalism. The IMF Articles do not contain a provision similar to GATT Art. XXIV on RTAs. However, the success of RMIs in ensuring stability is pushing the IMF to recognise their systemic importance. This evolution, which started with the formalization of surveillance procedures over currency unions, could eventually lead to the unions’ admittance as separate members. |
| Volume: | XIV-2006 |
| Pagina iniziale: | 139 |
| Pagina finale: | 155 |
| Parole Chiave: | monetary regionalism; IMF; currency union; RTAs |
| Rivista: | ITALIAN YEARBOOK OF INTERNATIONAL LAW |
| Appare nelle tipologie: | 03A-Articolo su Rivista |
File in questo prodotto:
| File | Descrizione | Tipologia | Licenza | |
|---|---|---|---|---|
| Monetary Regionalism 2007.pdf | POSTPRINT (VERSIONE FINALE DELL’AUTORE) | Accesso riservato | Utenti riconosciuti Richiedi una copia |
Copyright © 2020