Internationale Währungsmarktstabilität durch eine Globalwährung?
[International Monetary Stability via a Global Currency?]
In 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.
|Date of creation:||05 Nov 2009|
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- Carmen M. Reinhart & Kenneth S. Rogoff, 2004.
"The Modern History of Exchange Rate Arrangements: A Reinterpretation,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 119(1), pages 1-48.
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- Carmen M. Reinhart & Kenneth S. Rogoff, 2002. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," NBER Working Papers 8963, National Bureau of Economic Research, Inc.
- Mundell, Robert, 2005.
"The case for a world currency,"
Journal of Policy Modeling,
Elsevier, vol. 27(4), pages 465-475, June.
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- Stephan Schulmeister, . "Globalization Without Global Money. The Double Role of the Dollar as National Currency and as World Currency and its Consequences," WIFO Working Papers 106, WIFO.
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