Global Financial Crisis' Impact on the International Monetary System
Ruogu Li
Chapter 9 in Reform of the International Monetary System and Internationalization of the Renminbi, 2015, pp 117-128 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
The 2008 financial crisis has caused great damage to the world economy. It has also posed a major challenge to the integrity of the international monetary system and put its sustainability into question. The financial crisis has made it possible for the international society to place the reform of the international monetary system on the agenda, although such reform takes time to achieve.
Keywords: IMF; World Bank; Financial Crisis; International Monetary System; RMB; International Monetary System Reform; China; US; Dollar; Renminbi; Yuan; Currency; Exchange Rate (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2015
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