Justin Yifu Lin 2016/10/25
P-gold: a proposal for a brave new international monetary system
The media report about the upcoming review of the SDR composition at the IMF once again attracts the attention about the need to reform the existing international monetary system. The 2008–09 global economic and financial crisis highlighted major deficiencies in the international monetary system. And while the system appears to have weathered the initial shock, it remains fragile.