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Region: Economics and Sociology

2010 year, number 2

World crisis: origin, consequences and responses

Mundell, R
Keywords: crisis, finance, governmental policy, international currency, monetary power, exchange rate
Pages: 41-50

Abstract

The author describes the world monetary system, the causes of the crisis in this sphere, political measures to manage the crisis, and methods to increase market demand. The paper analyses the approaches to forming an international currency such as a regionalization method and dominant currency one.