Wybrane aspekty przemian w międzynarodowym systemie walutowym

• Authors: Grzegorz Tchorek , Zuzanna Gromiec , Kamila Kuziemska , Magdalena Nawrot

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.

Keywords

EN

INTERNATIONAL MONETARY SYSTEM; INTERNATIONAL MONEY; CURRENCY WAR; CAPITAL FLOWS

• Publisher: Centre for Europe, University of Warsaw
• Journal: Studia Europejskie-Studies in European Affairs
• Year: 2011
• Issue: 2
• Pages: 25-48

Contributors

author

Grzegorz Tchorek

• Wydział Zarządzania, Uniwersytet Warszawski, Szturmowa 1/3, 02-678 Warszawa, Poland

author

Zuzanna Gromiec

author

Kamila Kuziemska

author

Magdalena Nawrot