the international financial system architecture needs to be reformed to avoid some of the risks (e.g., hot money flows and/or hedge fund activity) that some people hold to destabilize economies and financial markets, and lead to the need for stabilization policies and, e.g., IMF interventions. Proposed measures include for example a global Tobin tax on currency trades across borders. See also Automatic stabilizer Constitutional economics Policy mix Political economy Shock therapy (economics) Welfare cost of business cycles Economic development policy Macroeconomic policy