THE REFORMOF THE FINANCIALMONETARY SYSTEM IN THE CONTEXT OF CREATION OF ANEWGLOBAL ORDER

Cosmin Durac
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Cosmin Durac: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2012, vol. 1, issue 40, 178-183

Abstract: The reform of the financial-monetary system in the context of creation of a new global order presents the current trend of the establishment of a new world government, with a global central bank and a single currency. This will succeed to a decline of democracy and a growth of the totalitarianism. The international financial institutes must have much power to help the emerging economies, in the time of redemption of debts. Banks and investment banks of which`s health is problematic for the global financial system, must operate under an united framework of regulation. Meanwhile, a world government would involve much more than cooperation between nations, would be an entity with similar characteristics of a state, sustained by a legislative body.

Keywords: reform of financial-monetary system; new global order; world government; global central bank; single currency (search for similar items in EconPapers)
JEL-codes: F33 F36 F37 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2012:i:40:p:178-183

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