Popa, Catalin C. (2007): Monetary System. Functional and Institutional Structure.
Download (191Kb) | Preview
This paperwork is meant to treat some contemporary and stringent global problems, related to the almost new problematic of international monetary system and its crises, since the Bretton Woods system breakdown. In the last 3 decades, this subsystem of global economy becomes the most important and the most instable as well. The last contagious monetary or financial crises proved that in the absence of a coherent minimum control regarding the free movement of foreign capital between nations, the market is unreliable and incapable to fit itself in the new economical realities related to risks appraisal and fixed assets real value. In these circumstances a new wave of scientific researches regarding the institutional and functional architecture of a new global monetary system is quite necessary and welcomed, being useful for reconfiguration of global reality from the financial markets point of view. In this order the paperwork explains from a logical perspective, the functional particularities of market forces mechanisms regarding the monetary system specific instrument and activities. The conclusions underline the importance of liquidities and the fundamental relevance of real risks appraisal in market mechanism for assuring a proper action and activity of the international monetary system as a global component.
|Item Type:||MPRA Paper|
|Original Title:||Monetary System. Functional and Institutional Structure|
|Keywords:||monetar; financiar; IMF; sistem monetar si financiar|
|Subjects:||F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
F - International Economics > F5 - International Relations and International Political Economy > F50 - General
|Depositing User:||Catalin Popa|
|Date Deposited:||04. Jul 2007|
|Last Modified:||13. Feb 2013 04:18|
Aglietta Michel - The International Monetary Fund and the International Financial Arhitecture, CEPII Paper Work No. 08, 2000 Crochane John - Financial Markets and Real Economy, NBER Working Paper, 2005 Davies R., Davies G. - A Comparative Chronology of Money, Ed. Cardiff, University of Wales Press, 1999 Fred Bergsten - The Euro and the World Economy, European Central Bank, Frankfurt, 2005 Gaftoniuc Simona - Finanţe internaţionale, Ed. Economică, Bucureşti, 2000 Genereaux Jacques - Politici economice, Ed. Institutului European, Iaşi 1998 Meltzer Allan H. - New Mandate for the IMF and World Bank, Cato Jurnal, 2005 Merton R., Bodie Z. - The Design of Financial System, IMF Working Paper, 2005 Ross Levine - Finance and Growth, NBER Working Paper, 2004 Teunissen Jan Just - The Management of Global Financial Markets, FONDAD, Hague, 2000