Regional and Global Liquidity Arrangements (October 2010)

Rethinking Bretton Woods | Sat, Oct 16, 2010

German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE)
Rethinking Bretton Woods Project, Center of Concern

“Regional and global liquidity arrangements”

11 October 2010

IMF Headquarters, Washington, DC (Room HQ2-280 A&B)

Regional and bilateral liquidity arrangements have gained increasing prominence over the past decades, not least during the recent global financial crisis. This has important consequences for the role of the International Monetary Fund as a crisis lender and raises questions regarding the relationship between these arrangements and Fund lending. The Korean government is currently working with the IMF to develop an effective international financial safety net to be discussed at the G-20 summit in Seoul in November 2010. Proposals for the safety net include a broadening of contingent financing that countries could draw on in case of trouble, and a global stabilisation mechanism that could create swap arrangements between regional mechanisms. Against this backdrop, this workshop will bring together scholars and practitioners to discuss the relationship between regional arrangements and the Fund. Topics to be addressed include:

• Experiences with, and reform proposals for IMF lending facilities
• Experiences with, and reform proposals for regional financing arrangements
• The relationship between the IMF and regional arrangements, including overlaps or complementarities, that exist or may emerge between them
• Current problems, comparative advantages and/or disadvantages, in the relationship between regional arrangements and the Fund
• Guidelines to ensure an efficient division of labour between regional arrangements and the Fund

An e-book which contains brief papers by the conference participants (about 1,000-1,800 words length each) will be published. The e-book is geared to give guidance and recommendations to policymakers ahead of the G-20 Seoul summit.

Click here to see a program of this event