The International Monetary System and the Debt Issue

Otto Hieronymi

Chapter 1 in International Debt, 2013, pp 11-94 from Palgrave Macmillan

Abstract: Abstract The crisis of “global finance” that broke into the open in 2008 has not been resolved so far. There is a broad consensus that it is in the interest of all countries to find a solution that will prevent a drastic erosion of the value of financial assets—people’s savings—and will allow a return to sustained growth. This solution will have to be based on reliable theoretical concepts and up-to-date data and analyses. Above all, it will need political cooperation, innovation and reforms. A key task in this context is the rebuilding of a stable international monetary system.

Keywords: Central Bank; International Monetary Fund; Euro Area; European Central Bank; European Monetary Union (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-03057-3_2

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DOI: 10.1057/9781137030573_2

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