strategy
Promoting international monetary stability
Synonyms:
Supporting financial system securityPromoting monetary stability
Achieving stable international economic environment
Description:
The aim is to encourage a stable and predictable international economic environment, particularly with regard to monetary stability, real rates of interest and fluctuations in key exchange rates. Context:
This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities. Claim:
1. International financial stability is a prerequisite for achieving sustainable development. Sustainable development is impossible in a climate of boom and bust economic instability. The US and EU, should not constrain governments' ability to adopt capital controls on the national level. They should also commit to study proposals for a tax on international speculation. Broader:
Promoting internationalismMaintaining financial stabilityEstablishing global monetary systemGuaranteeing substantial economic foundationMotivating cooperation Narrower:
Training in international financeBalancing international economic activityPromoting environmentally sound economic growth Facilitates:
Maintaining global securityFluctuating financial exchange mechanismsIncreasing international economic cooperationEnsuring national economic policies support sustainable development Facilitated by:
Facilitating economic structural adjustment Organizations:
Nordic Monetary Committee International Centre for Monetary and Banking Studies Council of Governors of Arab Central Banks and Monetary Agencies Committee on the Global Financial System Coordination Committee on Multilateral Payments Arrangements and Monetary Cooperation among Developing Countries International Monetary Conference Eastern Caribbean Central Bank Non-aligned Countries Group on Monetary and Financial Cooperation West African Monetary Agency Group of Thirty Arab Monetary Fund Intergovernmental Group of Twenty-Four on International Monetary Affairs European Monetary System Islamic Monetary System Caribbean Monetary Authority African Monetary Fund First multilateral monetary clearing agreement European monetary agreement Agreement on cooperation in monetary, economic and financial matters Central American monetary agreement Type Classification:
E: Emanations of other strategies