摘要：The paper discusses different views on the reform of the International Monetary System. It illustrates the most recent antecedents of the current debate, focusing on criteria, determinants and effects of the choice among different exchange regimes and discussing in particular the relationship between fixed exchange rates and financial crises, and the relationship between exchange rates and worldwide freedom of capital movements. JEL Codes: E02, E5 Keywords: Commercial Banks, International Economic Policy, Foreign Investment Regulations, Currency Stabilisation Programs, Monetary policy
