The Challenges of Reforming the International Monetary System in the Post COVID-19 World
| Autor: | Mărginean Silvia Cristina, Orăştean Ramona |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
050208 finance
HF5001-6182 Social Psychology Coronavirus disease 2019 (COVID-19) post covid-19 Corporate governance 05 social sciences Economics Econometrics and Finance (miscellaneous) multimonetary system us dollar International economics Monetary system Internationalization Us dollar renminbi 0502 economics and business euro Economics Renminbi Business Management and Accounting (miscellaneous) Position (finance) Business 050207 economics China reform |
| Zdroj: | Studies in Business and Economics, Vol 15, Iss 3, Pp 61-73 (2020) |
| ISSN: | 2344-5416 |
| Popis: | The paper analyzes if the international monetary system calls for reform and whether China and the renminbi will play a decisive role in the post COVID-19 world. It also evaluates the main scenarios and trends that is being discussed since the global crisis – selecting the relevant authors, journals, institutions and opinions – examines present conditions and tries to extrapolate into future trends. Opting for a nontechnical approach, the article could be a good insight into the international monetary system, for academics, non-experts and policy makers. The paper concludes that if the 2008 crisis has induced the growth of the China role in the international monetary governance and the increase of the renminbi internationalization, the COVID-19 pandemic and post crisis reconstruction could generate a deeper reform of the international monetary system, in which the Chinese currency will strengthen its global position alongside the US dollar and the euro. |
| Databáze: | OpenAIRE |
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