The book will help anyone who is seeking to understand how the International Monetary System works, the sources of its weaknesses and vulnerabilities, and the proposals for the change. The Report of the Palais Royal Initiative and the other papers in this book will help stimulate a global discussion of the reforms to the International Monetary System that are so urgently needed.
Jack T. Boormanwas the Director of the Policy Development and Review Department of the International Monetary Fund for more than a decade. In the latter years of his career with the Fund, he was Counsellor and Special Advisor to the Managing Director. He held several other positions in the Fund, including in the European and Asian Departments, and as Resident Representative in Indonesia. Before his career in the IMF, Mr. Boorman taught at the University of Southern California, from which he received his Ph.D. in Economics, and at the University of Maryland. He also served as a Financial Economist in the Research Department of The Federal Deposit Insurance Corporation. Mr. Boorman is the author of a number of books and many papers on diverse topics including development, structural adjustment, and developing country debt; emerging market country issues; international insolvency; governance; and IMF policies and country operations. Mr. Boorman currently serves as Advisor to the Director of the IMF Independent Evaluation Office, as a member of the Advisory Board of the Emerging Markets Forum, as the Chairman of the Investment Committee of the Board of Trustees of LeMoyne College, and continues to write on global governance, emerging markets, and other topics.
André Icardis Honorary General Manager of the Banque de France and the former Deputy General Manager of the Bank for International Settlements. From 1964 to 1995, André Icard was at the Banque de France, where he was Member of the Inspection of the Bank and of the Banking Commission (1968–74), Manager of the Balance of Payments Division (1977–83), Manager of the Foreign Exchange Division (1984–86) and Manager of the Financial Markets division (1986–90) where he took part in the modernisation of the Paris money and financial markets. From 1990 to 1995, he was the General Manager of the Economic Department of the French central bank. From January 1996 to December 2005, he was Deputy General Manager of the Bank for International Settlements. He was member of the Board of the French Commission Bancaire in 2008–2010; in 2010 he was appointed to the new Autorité du Contrôle Prudentiel (Commission des Sanctions).
