UN agency calls for global monetary reform
The United Nations Conference on Trade and Development (UNCTAD) has warned that the reform of international monetary and financial system as important as bolstering regulation in fight against future crises.
UNCTAD's Trade and Development Report 2009, published on Monday, called for "an internationally-agreed exchange-rate system based on the principle of constant and sustainable real exchange rates of all countries." Such a system would, the report said, "go a long way to reducing the scope of
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