The goals of a new international financial architecture from a developmental perspective are twofold: to prevent currency and banking crises and better manage them when they occur, and to support the adequate provision of net private and public flows to developing countries, including in particular low-income ones. This paper assesses progress on international financial reform in relation to these two goals.
Griffith-Jones, S.; Ocampo, J.A. What progress on international financial reform? Why so limited? (2003) 64 pp.