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Internation Monetary Economics - Essay Example

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INTERNATIONAL MONETARY ECONOMICS Name: Institution: Course: Date: International monetary economics Abstract There has been a heated up debate the current issues arising on currency systems design internationally. The meltdown of the international economic and financial systems can be blamed on two major factors: macroeconomic balances and regulatory failures…
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Download file to see previous pages Therefore, there is a necessity of change. For this issues arising to be resolved, the whole system have to be reformed with much consideration on current international economics. The main purpose for addressing this paper is to spot the lessons that have been learnt from the international systems currency b policy makers. It further tries to apply what has been learnt to solve the euro crisis. The paper focuses on international system of finance, the role it plays in the ongoing current crunch and in the prevention and solving future ones. Generally, crisis recurs but their rate of occurrence and results can be mitigated and managed. Introduction The exiting crisis in the international scene may be ultimately bottoming out. ...
The shortcomings of international systems of finance are noticeable in the current crisis. If one talks about the consequences, solutions and causes to the crisis, it is not possible to think of adaptation of international systems of finance to international economic configuration. In fact, from the moment the institution of Bretton woods was created, at the time crises were faced by most countries, there was discussion by policymakers on those institutions’ adequacy, possible alterations and their toolkits’ improvement. The main reason for this addressing the paper is focus on international system of finance, the role it plays in the ongoing current crunch and in the prevention and solving future ones. Generally, crisis recurs but their rate of occurrence and results can be mitigated and managed. Lessons learnt For more than two years in the past, the international economy has experienced the most extended crisis from the time of great depression. Turmoil in finance reached its worst level as 2008 fell. Before then, it had begun in the housing market of the U.S in 2007 during the summer time. It then spread gradually to the international economy and most parts of America. The channel through which the crisis followed is length. To start with, it went through the linkages of financial sectors like the investments on cross-border on derivatives ofcredit.In most part of 2008, growth of the economy seemed held up, specifically in market countries that emerged. These markets gave rise to decoupling debate. Nevertheless, towards the end of the same year, spill of the financial turmoil began to the real economy. This led to a dramatic flop in economic activity, international demand and international trade all over the globe. ...Download file to see next pagesRead More
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