The concept of international money under the circumstances of the global financial crisis

Michal Jurek ()
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Michal Jurek: Poznan University of Economics

Ekonomia i Prawo, 2010, vol. 6, issue 1, 183-198

Abstract: The purpose of this article is to analyze, whether and to what extent a global financial turmoil, initiated with the U.S. subprime crisis, can provide a stimulus towards a creation of the new international money. A reduction of the dollar’s share in the official foreign exchange reserves is considered to be a first step in order to achieve this goal.

Keywords: foreign exchange; international money; financial crisis (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkeip:v:6:y:2010:i:1:p:183-198

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