MONEY: Changing the Rules

One month after the latest international monetary crisis, Cabinet officers, legislators and bankers on both sides of the Atlantic are intensely debating a lengthening list of ideas for changing the global financial system. The discussion will heat up this week, first at a meeting in Basel of central bankers from the world's ten leading industrial nations, then at a gathering in Luxembourg of European Common Market ministers. All participants recognize that the makeshift measures that allayed the most recent crisis are not enough. Unless more fundamental changes are begun, there will...