Internationale Währungsmarktstabilität durch eine Globalwährung?
[International Monetary Stability via a Global Currency?]
AbstractIn our current time the idea of a global currency seems to be pathbreaking. However, the introduction of such a currency requires a uniform governance which implicates that countries lose national autonomy. Presently, countries prefer national monetary policy and national financial regulation. Moreover, it is not obvious that integration of the world economy is already advanced enough to justify a global currency (if one takes criteria applied to regional currencies as a benchmark). With increasing economic integration and succesful international coooperation, howver, this scenario may change in the future.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18386.
Date of creation: 05 Nov 2009
Date of revision:
exchange rates; international monetary arrangements; global currency;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
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