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학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
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The purpose of this article is to provide some initial thoughts for further research on alternative reorganization of international monetary system(IMS) under financialization of economy and diffusion of 'debt economy'. The 2008-2009 global financial crisis highlighted major deficiencies in the existing IMS-the Post-Bretton Woods 'non-system'. Most experts believe the current IMS remains fragile in the aftermath of the 2008-09 crisis, and they generally agree that the current system, with the interconnectedness of financial markets and predominance by the dollar as a reserve currency, played an important role in the propagation of the US housing crisis and Europe fiscal crisis into a global crisis. And some of the weaknesses in IMS, such as lack of an adequate adjustment mechanism and excessive volatility in exchange rates and capital flows, may cause continued volatility in global financial markets in the future, if not addressed through reforms. A recent G-20Summit recognized that the 2008-09 events had highlighted the main deficiencies of the current IMS. Clearly,Pareto-improving reforms would be more likely to garner political support. This is followed by a critical review of the reform proposals that are under debate. The paper concludes with a notional design of how a new monetary system might function based on a new international currency.
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참고문헌 (45)
참고문헌 신청
Adrian T. / 2008 / Liquidity, Monetary Policy, and Financial Cycles / Current Issue 14 (1)
Ariel Buira / 2005 / The Bretton Woods Institutions : Governance Without Legitimacy?, In Reforming the Governance of the IMF and the World Bank / Anthem Press : 7 ~ 43
Bello, W. / 2002 / Deglobalization / Zed Books
Bhagwati, Jagdish / / In Defence of Globalization / Oxford University Press
Bryant, Ralph C. / 2008 / Reform of Quota and Voting Shares in the IMF: Nothing Is Temporarily Preferable to an Inadequate "Something"
Ariel Buira / 2005 / The Bretton Woods Institutions : Governance Without Legitimacy?, In Reforming the Governance of the IMF and the World Bank / Anthem Press : 7 ~ 43
Bello, W. / 2002 / Deglobalization / Zed Books
Bhagwati, Jagdish / / In Defence of Globalization / Oxford University Press
Bryant, Ralph C. / 2008 / Reform of Quota and Voting Shares in the IMF: Nothing Is Temporarily Preferable to an Inadequate "Something"
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