Developing Just Monetary Arrangements

Ethics and International Affairs

Volumn 17, Issue 1, 2003, Pages 81-93

  Reddy, Sanjay G ^a  

^a NONE

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EID: 34248061955     PISSN: 08926794     EISSN: 17477093     Source Type: Journal    
DOI: 10.1111/j.1747-7093.2003.tb00420.x     Document Type: Article

References (25)

1. See, e.g., Ronald Dworkin, “What is Equality? Part 2: Equality of Resources,” Philosophy & Public Affairs (1981), pp. 185–243
2. Amartya Sen, Inequality Re-Examined (Oxford: Oxford University Press, 1992).
3. See, e.g., Harold James, International Monetary Cooperation since Bretton Woods (Washington, D.C.: International Monetary Fund, 1996).
4. See, famously, Giovanni Andrea Cornia, Richard Jolly, and Frances Stewart, Adjustment with a Human Face (Oxford: Clarendon Press, 1987).
5. James, International Monetary Cooperation since Bretton Woods.
6. On these and related proposals, see, e.g., James, International Monetary Cooperation since Bretton Woods
7. Hannan Ezekiel, “The Role of Special Drawing Rights in the International Monetary System,” in International Monetary and Financial Issues for the 1990s (Geneva: UNCTAD, 1998), vol. 9, pp. 71–80
8. George Soros, On Globalization (New York: Public Affairs, 2002).
9. Iqbal Gulati, International Monetary Development and the Third World: A Proposal to Redress the Balance (New Delhi: Orient Longman, 1980), p. 15.
10. See, e.g., Commission on Global Governance, Our Global Neighborhood (New York: Oxford University Press, 1995).
11. Gulati, International Monetary Development and the Third World, p. 15.
12. For these figures, see “72nd Annual Report of the Bank for International Settlements” (Basel, July 2002), p. 82.
13. Gulati, in International Monetary Development and the Third World, showed that the amounts involved in the 1970s were also very substantial.
14. Michael Bordo, Barry Eichengreen, and Douglas Irwin, “Is Globalization Today Really Different than Globalization a Hundred Years Ago?” National Bureau of Economic Reaserch Working Paper no. 7195 (June 1999).
15. Jason Furman and Joseph Stiglitz, “Economic Crises: Evidence and Insights from East Asia,” Brookings Papers on Economic Activity 2 (1999), pp. 1–114, 128–35
16. Joseph Stiglitz,“ Must Financial Crises Be This Frequent and This Painful?” (McKay Lecture, World Bank, Pittsburgh, Pa., September 23, 1998); available at www.worldbank.org/html/extdr/extme/js-092398/ mckay.pdf.
17. See, e.g., Joseph Stiglitz, Globalization and Its Discontents (New York: W. W. Norton, 2002).
18. For instance, Mitali Das and Sanket Mohapatra, in “Income Inequality: The Aftermath of Stock Market Liberalization in Emerging Markets” (Columbia University Dept. of Economics Discussion Paper #0102–42, 2002), report evidence that stock market liberalization in developing countries typically resulted in income share growth for the top quintile of the income distribution at the expense of the middle three quintiles; available at www.columbia.edu/cu/economics/discpapr/ DP0102–42.pdf.
19. See, e.g., Robert Wade and Frank Veneroso, “The Gathering World Slump and the Battle Over Capital Controls,” New Left Review (September/October 1998), pp. 13–42
20. Jagdish Bhagwati “The Capital Myth: The Difference Between Trade in Widgets and Dollars,” Foreign Affairs (May/June 1998), pp. 7–12.
21. Cornia, Jolly, and Stewart, Adjustment with a Human Face.
22. On the distinction between being free to choose and choosing freely, see Gerald A. Cohen, ed., History, Labour, and Freedom: Themes from Marx (New York: Clarendon Press, 1988).
23. History, Labour, and Freedom: Themes from Marx.
24. On the relationship between the IMF and creditors' interests, see Stiglitz, Globalization and Its Discontents, ch. 8.
25. See in this regard the recent proposal to eliminate this monopoly in Roberto M. Unger,“The Really New Bretton Woods,” in Marc Uzan, ed., The Financial System under Stress: An Architecture for the New World Economy (New York: Routledge, 1996).