Theoretical and Applied Economics
No. 8 / 2013 (585)
International monetary system – between crisis and reform
“Lucian Blaga” University of Sibiu
Silvia MĂRGINEAN
“Lucian Blaga” University of Sibiu
Abstract. The 2008 global crisis that hit in the heart of the system highlighted main deficiencies and vulnerabilities of the current international monetary system and revived the old concerns about its functioning. The reform of the international monetary system is under discussion again after a long period, during the ’90 crises, especially in Southeast Asia, Russia and Brazil. To explain the relation between crisis and reform, this paper identifies some variables and hypotheses. It also analyses the matters that have sparked interest in reforming the international monetary system, in the context of the causes of the crisis and its vulnerabilities, admitting that the current system is not a perfect one. The paper concludes that it is time for a deep reform of the international monetary system.
Contents
A regional model for labour demand in Romania
Romania’s accession to the Eurozone – a simulation using a simple DSGE model
Occupational mobility networks of female and male higher education graduates
Creating competitive poles – the sustainable model for obtaining the competitive advantage
Financial development and economic growth in Central and Eastern Europe
Neoclassical economic orthodoxy and the need for a new post-crisis economic paradigm
Territorial analysis of discriminated groups
The causal relationship between Foreign Direct Investment and Current Account: an empirical investigation for Pakistan economy
Interdependence between labor market and unemployment in the post-crisis economy
The internet is changing our world
Improvement of labor flexibility in Romanian companies using practices in the field in some EU countries
International monetary system – between crisis and reform