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Reform of the International Financial Architecture: Clinton Proposes Strategy for Containing Global Economic Crisis; Debate Intensifies over IMF, Capital Controls, and need for “Safety Net”

Published online by Cambridge University Press:  13 February 2009

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Extract

The subject that I want to discuss—let me just say one thing in advance—I'm going to give you my best thoughts. We have been working on this for three years at some level of intensity or another, going back to the Naples G-7 meeting in the aftermath of the Mexican financial crisis. I have done everything I could do personally to reach out across the country, and indeed across the world, for any new ideas from any source. I'm going to give you my best thinking today about what we can do, but I want you to know that I'm here, and if I had my druthers, this would be about a three-hour session where I'd give this talk and then I would listen for the rest of the time.

Type
Features
Information
Foreign Policy Bulletin , Volume 9 , Issue 6 , November 1998 , pp. 74 - 104
Copyright
Copyright © Cambridge University Press 1998

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References

1. White House Press Release, September 14, 1998.

2. Text from the U.S. House of Representatives [commdocs.house.gov/committees/.]

3. Text from the Soros Foundation.

4. Text from the Board of Governors of the Federal Reserve [www.bog.frb.fed.us.]

5. United Nations Press Release (SG/SM/6719), September 25, 1998.

6. Text from the International Monetary Fund [www.imf.org.]

7. White House Press Release, October 2, 1998.

8. Treasury Department Press Release (RR-2740), October 3, 1998.

9. International Monetary Fund (IMF) News Brief No. 98/37, October 3, 1998.

10. Text from the Office of the Malaysian Prime Minister.

11. Text from the World Bank Group.

12. Text from the International Monetary Fund [www.imf.org.]

13. Treasury Department Press Release (RR-2792), October 30, 1998.