Since 2014
Il crescente indebolimento del sistema finanziario internazionale (The ongoing weakening of the international financial system)
Moneta e Credito
View Archive Info| Field | Value | |
| Title |
Il crescente indebolimento del sistema finanziario internazionale (The ongoing weakening of the international financial system)
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| Creator |
GRAY, H.P.
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| Subject |
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Administration of General Economic Programs, Intnl Economic Policy, Exchange rates, global instability F31, G28 |
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| Description |
A hegemon-by-committee, or a group of nations playing the role of a dominant financial power, is necessary for the international financial system to withstand crises arising from drastic shifts of funds among national currencies, accompanied by large movements of exchange rates. These wide fluctuations in exchange rates and subsequent financial transactions can trigger a collapse of prices in dollar-denominated financial assets in US financial markets, thus undermining the global economy. With no single nation apparently capable of playing the hegemon, international cooperation is imperative. An important theme of the paper is that allocative efficiency may not be compatible with adequate financial stability efficiency.JEL: F31, G28
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| Publisher |
Associazione Economia civile
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| Contributor |
—
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| Date |
2013-10-26
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Articolo peer-review |
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| Format |
application/pdf
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| Identifier |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/11023
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| Source |
Moneta e Credito; Vol 49, N° 194 (1996)
Moneta e Credito; Vol 49, N° 194 (1996) 2037-3651 |
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| Language |
ita
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| Relation |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/11023/10898
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| Rights |
Copyright (c) 2016 H.P. GRAY
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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