IDEAS home Printed from https://ideas.repec.org/a/mul/jb33yl/doi10.1428-1876y1998i3p419-436.html
   My bibliography  Save this article

The International Monetary System in Transition

Author

Listed:
  • Robert Guttmann

Abstract

The stagflation of the 1970s and early 1980s created a dynamic of financial instability and regulatory erosion which destroyed the postwar monetary regime of nationally administered credit-money. Since then the international monetary system has become increasingly privatized, deregulated, and globally integrated. That combination has created a new environment in which financial capital has become a dominant force in the growth dynamic of the world economy. This is an ominous development, since it threatens the public-good quality of money and the stability conditions conducive for long-term investments on a worldwide basis. Reform initiatives to stabilize the international monetary system have been lagging and need to be advanced in a more coherent fashion to deal with a rapidly evolving global-deflation scenario.

Suggested Citation

  • Robert Guttmann, 1998. "The International Monetary System in Transition," Economia politica, Società editrice il Mulino, issue 3, pages 419-436.
    • Handle: RePEc:mul:jb33yl:doi:10.1428/1876:y:1998:i:3:p:419-436
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1428/1876
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.1428/1876
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bogdan-Ion Boldea & Maria Boldea, 2008. "E-Money Development Within Contemporary Economies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 1-7.
    2. Stéfano Figuera, 2002. "The reform of the international monetary system (a Keynesian approach) [La réforme du système monétaire international (une réflexion dans une perspective keynésienne)]," Working Papers hal-01526941, HAL.
    3. FIGUERA, Stephano, 2002. "La réforme du système monétaire international : une réflexion dans une perspective keynésienne," LATEC - Document de travail - Economie (1991-2003) 2002-01, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:jb33yl:doi:10.1428/1876:y:1998:i:3:p:419-436. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.