Future Stance of Currencies in the International Monetary System

Jana Kotlebova ()
Additional contact information
Jana Kotlebova: Economic University in Bratislava, Faculty of National Economy, Department of Banking and International Finance

Economic Analysis, 2010, vol. 43, issue 1-2, 61-69

Abstract: The current global crisis is a manifestation of global imbalance. Higher creation of savings in emerging economies compared to developed countries; higher investments of developed economies in comparison with developing countries; the current account deficit of the balance of payments in developed countries as opposed to the current account surplus of the balance of payments in emerging economies create new conditions for future stance of currencies in the international monetary system. The future aspect of the international monetary system is, at present, a major topic of discussion for monetary authorities as well as supranational institutions. The intention of this contribution is to highlight the main trends in its development.

Keywords: Global imbalance; savings; investment; foreign exchange reserves; balance of payment; importance of currencies for the international market; international monetary system (search for similar items in EconPapers)
JEL-codes: F31 G15 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ien.bg.ac.rs/index.php/en/2010/2010-1-2 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibg:eajour:v:43:y:2010:i:1-2:p:61-69

Access Statistics for this article

Economic Analysis is currently edited by Mirjana Radovic Markovic

More articles in Economic Analysis from Institute of Economic Sciences 12 Zmaj Jovina St, 11000 Belgrade, Serbia. Contact information at EDIRC.
Bibliographic data for series maintained by Zorica Bozic ().