The New Geopolitics of Money and Democratic Issues
Eric Monnet
Post-Print from HAL
Abstract:
A new international financial architecture is emerging, characterized by the normalization of some forms of capital control and the rise of bilateral loans between central banks. The issues of diplomacy and financial stability are intertwined. If authoritarian states with centralized power and without independence of central banks naturally find their account in this new state of the world, the monetary and financial institutions of democratic countries must establish a new legitimacy for their interventions that affect financial relations with foreign countries. Central banks cannot act alone and it is necessary to explicitly coordinate their action with other aspects of economic and foreign policy. This is as much a question of policy effectiveness as of democratic legitimacy
Date: 2022-01
References: Add references at CitEc
Citations:
Published in Revue d'économie financière, 2022, 145 (1), pp.173-185
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Working Paper: The New Geopolitics of Money and Democratic Issues (2022)
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:hal:journl:halshs-03936499
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().