International Scientific Publications
© 2020 Science Events Ltd
Terms of Use  ·  Privacy Policy
Choose language English French Russian Bulgarian
Conference room
Economy & Business 2021, 20th International Conference
22-25 August, Burgas, Bulgaria
Call for Papers

Economy & Business, Volume 11, 2017

THE CONFIGURATION OF THE WORLD’S ECONOMIC POWERS AND ITS INFLUENCE ON CURRENCY STABILITY IN GLOBAL DIMENSION IN 2000-2016
Katarzyna Twarowska
Pages: 126-147
Published: 22 Aug 2017
Views: 1,054
Downloads: 375
Abstract: The aim of the paper is to assess the impact of changing configuration of the world’s economic powers on monetary relations, and in particular on ensuring monetary stability. The intensive globalization and high economic growth in China have contributed to the transformation of the economic power system that determines the position of national currencies. Despite these changes, the dollar remains the main international currency and the euro has not reached the position of the global currency effectively competing against the dollar. Moreover, the growing economic potential of China is not reflected in the developing countries’ currencies positions. The analysis makes it possible to conclude that the absence of hegemon power in the global economy weakens the international monetary system stability. If countries form a system of close monetary cooperation to ensure transnational payment liquidity and relative stability of exchange rates in the world, the system would be more efficient and stable.
Keywords: economic power, hegemonic stability, key currency, currency crisis, stability of international monetary system
Cite this article: Katarzyna Twarowska. THE CONFIGURATION OF THE WORLD’S ECONOMIC POWERS AND ITS INFLUENCE ON CURRENCY STABILITY IN GLOBAL DIMENSION IN 2000-2016. Journal of International Scientific Publications: Economy & Business 11, 126-147 (2017). https://www.scientific-publications.net/en/article/1001512/
Download full text

Back to the contents of the volume
By using this site you agree to our Privacy Policy and Terms of Use. We use cookies, including for analytics, personalisation, and ads.