Global Agenda Council on the International Monetary System 2011

While the international financial architecture’s grand redesign is an important mid-term imperative for the international monetary system, the aftermath of the crisis calls for concentration on specific pressing issues. The stability of the international monetary system has been challenged by current tensions around currency valuation and rising levels of debt in many countries. Persistent global imbalances are a key concern for the global community, as manifested by G20 discussions.

Nearly all stakeholders agree that economic imbalances have at least contributed to the financial crisis. Therefore, the ways of addressing and preventing imbalances are an issue of concern for international cooperation that needs to be explored as the current economic crisis subsides and new global imbalances arise.