In this interview excerpt, Michel Camdessus, Director of the French Treasury from 1982 to 1984, Governor of the Banque de France from 1984 to 1987 and Managing Director of the International Monetary Fund (IMF) from 1987 to 2000, describes the follow-up given to the Palais Royal initiative, which proposed an 18-point reform of the International Monetary System.

In this interview excerpt, Michel Camdessus, Director of the French Treasury from 1982 to 1984, Governor of the Banque de France from 1984 to 1987 and Managing Director of the International Monetary Fund (IMF) from 1987 to 2000, explains the origins of the Palais Royal initiative, which proposed an 18-point reform of the International Monetary System. He particularly refers to Tommaso Padoa-Schioppa’s influence on the composition and work of the group of experts that drew up this document.

In this interview excerpt, Michel Camdessus, Director of the French Treasury from 1982 to 1984, Governor of the Banque de France from 1984 to 1987 and Managing Director of the International Monetary Fund (IMF) from 1987 to 2000, describes the conditions that he believes are necessary for a reform of the International Monetary System.