IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/16503_16.html
   My bibliography  Save this book chapter

Rethinking the international monetary and financial architecture

In: A Modern Guide to Rethinking Economics

Author

Listed:
  • Sergio Rossi

Abstract

The origin of the 2008 financial crisis can be found in the architecture of domestic payment systems, which are also used for international settlements despite the purely accounting nature of bank money. This chapter will discuss the essential principles of the necessary reform of the current international payment system, which must ensure the emission of a purely scriptural money reserved for national central banks, for the final payment of all transactions involving two separate currency areas. Here we explain that only a supranational currency will guarantee national and international financial stability.

Suggested Citation

  • Sergio Rossi, 2017. "Rethinking the international monetary and financial architecture," Chapters, in: Louis-Philippe Rochon & Sergio Rossi (ed.), A Modern Guide to Rethinking Economics, chapter 16, pages 302-318, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16503_16
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781784717209.00027.xml
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Economics and Finance;

    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:elg:eechap:16503_16. 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    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.