Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/28948 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorCampanella, Edoardoen
dc.date.accessioned2009-12-07-
dc.date.accessioned2009-12-08T15:26:15Z-
dc.date.available2009-12-08T15:26:15Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/28948-
dc.description.abstractTiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double role of national and international currency. This is what I call the Triffin dilemma, an ever green concept in international finance. In the paper I show how it works through three examples: price of commodities, dollarization, and the international financial position of the US. I argue that to solve this situation, it would be important to create a more democratic monetary system, in which all the countries have a decision weight. In particular, I think that globalization and regionalization should be the two forces leading towards the new monetary system. The main economies should adopt the same currency through a system of fixed exchange rates (global money); developing countries should create regional monetary unions (regional money), preserving the real exchange rate as real shock absorber, but gaining in terms of time consistency and credibility.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2009-46en
dc.subject.jelF33en
dc.subject.ddc330en
dc.subject.keywordTriffin dilemmaen
dc.subject.keywordglobal currencyen
dc.subject.keywordregional monetary unionen
dc.subject.keyworddollarizationen
dc.subject.stwInternationales Währungssystemen
dc.subject.stwReformen
dc.subject.stwGlobalisierungen
dc.subject.stwHandelsregionalismusen
dc.subject.stwAgent-based Modelen
dc.subject.stwWelten
dc.subject.stwGeldpolitiken
dc.subject.stwWährungssubstitutionen
dc.subject.stwReservewährungen
dc.subject.stwUS-Dollaren
dc.subject.stwUSAen
dc.titleThe triffin dilemma again-
dc.typeWorking Paperen
dc.identifier.ppn614390877en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:200946en

Datei(en):
Datei
Größe
310.73 kB





Publikationen in EconStor sind urheberrechtlich geschützt.