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The Reformof The Financialmonetary System In The Context Of Creation Of Anewglobal Order

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  • Cosmin Durac

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The reform of the financial-monetary system in the context of creation of a new global order presents the current trend of the establishment of a new world government, with a global central bank and a single currency. This will succeed to a decline of democracy and a growth of the totalitarianism. The international financial institutes must have much power to help the emerging economies, in the time of redemption of debts. Banks and investment banks of which`s health is problematic for the global financial system, must operate under an united framework of regulation. Meanwhile, a world government would involve much more than cooperation between nations, would be an entity with similar characteristics of a state, sustained by a legislative body.

Suggested Citation

  • Cosmin Durac, 2012. "The Reformof The Financialmonetary System In The Context Of Creation Of Anewglobal Order," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(40), pages 178-183.
    • Handle: RePEc:aio:aucsse:v:1:y:2012:i:40:p:178-183
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    Keywords

    reform of financial-monetary system; new global order; world government; global central bank; single currency;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications

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