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25 Cato J. [i] (2005)

handle is hein.journals/catoj25 and id is 1 raw text is: CATO JOURNAL * VOLUME 25 NUMBER 1 0 WINTER 2005 INTERNATIONAL MONETARY REFORM AND CAPITAL FREEDOM Ben S. Bernanke Monetary Policy in a World of Mobile Capital 1 Allan H. Meltzer New Mandates for the IMF and World Bank 13 Raghuram G. Rajan Institutional Reform and Sovereign Debt Crises 17 Adam Lerrick A Leap of Faith for Sovereign Default: From IMF Judgment Calls to Automatic Incentives 25 Kenneth Rogoff Fiscal Conservatism, Exchange Rate Flexibility, and the Next Generation of Debt Crises 33 Nicholas R. Lardy Exchange Rate and Monetary Policy in China 41 David F. DeRosa China's Defense of the Peg Perpetuates Central Planning 49 Manuel Sanchez The Recent Stabilization Experience in Mexico 55

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