Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1999 erstellt
Description:
This paper discusses a variety of proposals intended to reform global financial architecture and reduce vulnerability. The authors examine Theories of Too Much, which associate volatility with moral hazard and excessive lending, and Theories of Too Little, which alternatively assert that capital flows are inhibited by insufficient institutional frameworks in debtor nations. Later section survey proposed preventive or rescue measures such as currency reforms, international lending arrangements of last resort, and the establishment of an international bankruptcy court