IMF launches debate on future of international monetary system

Tokyo

THE International Monetary Fund (IMF) announced on Thursday that it is launching a major debate on the future of the international monetary system in an attempt to stave off possible future crises and in an effort to ensure that the system becomes better able to meet the needs of the global economy.

The latest review comes at a time when the international financial system is feeling the strains of huge and volatile capital flows between advanced and emerging economies, caused partly by unconventional monetary policy, and which are creating a need for a more efficient financial "safety net".