Citation:
Cooper, Richard N. 1999. “Remarks on the Evolution of International Financial Architecture”. Copy at http://www.tinyurl.com/kw38sfl
Abstract:
US Secretary of Treasury Rubin was doubtless not aware when last year he urged a review of the international financial architecture that he was opening a Pandora's Box, unleashing a torrent of metaphors. My remarks will be organized under four architectural headings, ranging from standing pat, to renovating the wiring and plumbing, through replacing the roof and facade, to dismantling the existing structure to the foundation to make room for a new common currency.