PL EN


2011 | 2 | 25-48
Article title

Wybrane aspekty przemian w międzynarodowym systemie walutowym

Content
Title variants
EN
CHANGES IN THE INTERNATIONAL MONETARY SYSTEM
Languages of publication
PL
Abstracts
EN
The article focuses on two important issues related to changes in the international monetary system. The first one concerns the architecture of monetary system during the post-crisis adjustment. We consider the weaknesses of a two-currency system based on dominant role of USD and the euro as the second international money. We try to find arguments in favour of developing such a system to multipolar one. In the second part we refer to the “currency war” developments as an example of changing attitude to using macroeconomic instruments. We argue that the use of an exchange rate as a policy instrument may increase over time in case of difficulties in recovery of the industrial economies and excessive capital flows to developing countries.
Year
Issue
2
Pages
25-48
Physical description
Contributors
  • Wydział Zarządzania, Uniwersytet Warszawski, Szturmowa 1/3, 02-678 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-b5b7adb5-ba11-49e0-8176-fc5e976ec3dc
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