IDEAS home Printed from https://ideas.repec.org/p/wfo/wpaper/y2008i317.html
   My bibliography  Save this paper

Vom Bancor zum Euro. Und weiter zum Intor?

Author

Listed:
  • Heinz Handler

    (WIFO)

Abstract

Die vorliegende Arbeit geht der Frage nach, welche Parallelen zwischen dem Bretton-Woods-System (BWS) und der Eurozone bestehen und wie sich das internationale Währungssystem weiter entwickeln wird. Die Wurzeln des BWS liegen im Goldstandard, im Keynes-Plan und insbesondere im White-Plan. Keynes konnte sich zwar nicht in Bretton Woods durchsetzen, sein Plan spielte aber in der späteren Kritik am BWS und in der Gestaltung der Europäischen Währungsunion eine nachhaltige Rolle. Leitmotiv war hier wie im BWS, dass für die zwischenstaatlichen Wirtschaftsbeziehungen fixe Wechselkurse vorteilhafter seien als flexible Kurse. Im BWS sollte dies durch eine Koordination der Wirtschaftspolitik unter den Mitgliedstaaten, allenfalls auch durch vereinzelte Wechselkursanpassungen erreicht werden. In der Eurozone fällt diese Rolle allein der Politikkoordination zu. Bisher sind die Erfahrungen mit der europäischen Währungsunion per Saldo positiv, sie können für die monetäre Integration in anderen Teilen der Welt genutzt werden. Darüber hinaus fließen Erfahrungen aus der Eurozone in die Diskussion um eine Reform des Weltwährungssystems ein. Ob allerdings der Erfolg des Euro die Idee zur Entwicklung einer einheitlichen Weltwährung unterstützt, ist angesichts der unterschiedlichen politischen und wirtschaftlichen Zielsetzungen der Weltwährungsblöcke mehr als fraglich.

Suggested Citation

  • Heinz Handler, 2008. "Vom Bancor zum Euro. Und weiter zum Intor?," WIFO Working Papers 317, WIFO.
  • Handle: RePEc:wfo:wpaper:y:2008:i:317
    Note: With English abstract.
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/31986
    File Function: Abstract
    Download Restriction: no

    References listed on IDEAS

    as
    1. Mundell, Robert, 2012. "The case for a world currency," Journal of Policy Modeling, Elsevier, vol. 34(4), pages 568-578.
    2. James M. Boughton, 2002. "Why White, Not Keynes? Inventing the Post-War International Monetary System," IMF Working Papers 02/52, International Monetary Fund.
    3. Rose, Andrew K., 2007. "A stable international monetary system emerges: Inflation targeting is Bretton Woods, reversed," Journal of International Money and Finance, Elsevier, vol. 26(5), pages 663-681, September.
    4. John Williamson, 2000. "The Role of the IMF: A Guide to the Reports," Policy Briefs PB00-5, Peterson Institute for International Economics.
    5. Edwin M. Truman, 2006. "Strategy for IMF Reform, A," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa77, September.
    6. Muchlinski, Elke, 2004. "Kontroversen in der internationalen Währungspolitik: Retrospektive zu Keynes-White-Boughton & IMF," Discussion Papers 2004/1, Free University Berlin, School of Business & Economics.
    7. Thorarinn G. Petursson, 2005. "Inflation Targeting and its Effects on Macroeconomic Performance," SUERF Studies, SUERF - The European Money and Finance Forum, number 2005/5 edited by Morten Balling.
    8. Michael D. Bordo, 1993. "The Bretton Woods International Monetary System: A Historical Overview," NBER Chapters, in: A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, pages 3-108, National Bureau of Economic Research, Inc.
    9. Siebert, Horst, 2006. "International exchange rate systems: Where do we stand?," Kiel Working Papers 1288, Kiel Institute for the World Economy (IfW).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maria Kokoreva & Anastasia Stepanova, 2013. "Financial architecture and corporate performance: evidence from Russia," HSE Working papers WP BRP 21/FE/2013, National Research University Higher School of Economics.
    2. Chokaev, Bekhan (Чокаев, Бекхан), 2017. "Islamic Finance: Possibilities for Russian Economy
      [Исламские Финансы: Возможности Для Российской Экономики]
      ," Working Papers 031719, Russian Presidential Academy of National Economy and Public Administration.

    More about this item

    Keywords

    Gold standard; Bretton Woods system; European monetary integration; future of the international monetary system; Europäisches Wärhungssystem;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Lists

    This item is featured on the following reading lists or Wikipedia pages:
    1. Bancor in Wikipedia Spanish ne '')

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wpaper:y:2008:i:317. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz). General contact details of provider: http://edirc.repec.org/data/wifooat.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.