Reforming the Global Monetary System, Beijing 2011

“Reforming the Global Monetary System” will be held in Beijing from March 18-19, 2011.  It is organized by the Initiative for Policy Dialogue at Columbia University and the School of Finance at Central University of Finance and Economics,  with support from the Ford Foundation and the Columbia Global Center East Asia.

The meeting's goals are to build upon the conclusion of the report of the UN Commission on Reform of the International Monetary and Financial System that the dollar-backed global reserve system must be reformed. Key thinkers and policymakers will come together to address the following questions:

• What are the different options for reform of the global reserve system; what is their economic desirability and political feasibility?

• Are there Pareto improving reforms to be found that are of benefit to the major players? Can a new global institutional framework facilitate smoother and more growth-oriented realignments of domestic policies than the current one?

• Which options are (or should be) most favored by developing countries in general and BRICs in particular?

• What role is there for regional schemes, and how should they interact with global arrangements?

• How can an orderly transition from the current system to a new system be managed?

Please revisit this page after our meeting for more on this extremely timely topic.