THE POOREST IN THE WORLD PAYS FOR CRISIS

Sergiu Gherboveț
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Sergiu Gherboveț: National Institute for Economic Research, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 141-148

Abstract: For centuries the mechanics of the money system have remained hidden from the prying eyes of the populace. Its impact, both on a national and international level, is perhaps unsurpassed. In fact, the monetary system provides the mainstay for international dominance and national control. Is hard without crisis to change economic or political system but often those who are set up to defend the interests of the people and state as a whole, authorities, reject what doesn‘t fit well with what they like. Today, as these mainstays are being shaken by crises, the need for open and honest dialogue on the future system is at its highest level.

Keywords: money system; bubbles; money creation; banking; loans (search for similar items in EconPapers)
JEL-codes: E42 E44 (search for similar items in EconPapers)
Date: 2017
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