Global imbalances and the dollar standard

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Chapter 2 in The New Global Political Economy, 2012, pp 47-78 from Edward Elgar Publishing

Abstract: The expert authors provide an in-depth analysis of the causes of the financial crisis and the political economy measures required to build a safer and more stable international order. They show how the financial crisis is deeply rooted in the flaws of the dollar standard and explain why the dollar and globalization should be considered together to understand the present challenges. By way of conclusion, the authors propose the creation of a ‘World Eco-Monetary Union’ with the power to regulate the global economy and to promote sustainable development.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (9)

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