"Recognizing the weaknesses in the International Monetary System (IMS) that helped produce the recent global economic crisis - and that hold the potential to create further crisies, Michael Camdessus, Tommaso Padua-Schioppa, and Alexandre Lamfalussey in late 2010 organized a group of eminent personalities - The Palais Royal Initiative - to evaluate the IMS and to propose changes that would be needed to help stabilize the system and reduce the likelihood of future failures." -- Jacket.