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The Future of the International Financial System

In: Interpreting Keynes for the 21st Century

Author

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  • Paul Davidson
Abstract
Despite the continuing support for the “Washington Consensus” within the IMF, the World Bank and the U.S. Treasury, most astute observers of the international financial system recognize that there is something seriously wrong with the existing system. Although many recognize the symptoms of a severe malady in the system, few realize what the fundamental flaws of the system are. Accordingly, few can prescribe the correct vaccine to cure the illness and protect the international financial system from relapse.

Suggested Citation

  • Paul Davidson, 2007. "The Future of the International Financial System," Palgrave Macmillan Books, in: Interpreting Keynes for the 21st Century, chapter 4, pages 55-63, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-28655-9_4
    DOI: 10.1057/9780230286559_4
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    Cited by:

    1. Arestis, Philip & Basu, Santonu, 2004. "Financial globalisation and regulation," Research in International Business and Finance, Elsevier, vol. 18(2), pages 129-140, June.
    2. Laura Barbosa de Carvalho, 2012. "Current Account Imbalances and Economic Growth: a two-country model with real-financial linkages," Working Papers 1203, New School for Social Research, Department of Economics.
    3. Jakob Kapeller & Claudius Graebner & Philipp Heimberger, 2019. "Economic Polarisation in Europe: Causes and Policy Options," ICAE Working Papers 99, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    4. Vincent Duwicquet & Jacques Mazier & Jamel Saadaoui, 2018. "Dealing with the consequences of exchange rate misalignments for macroeconomic adjustments in the EMU," Metroeconomica, Wiley Blackwell, vol. 69(4), pages 737-767, November.
    5. Phillip Anthony O’Hara, 2011. "International Subprime Crisis and Recession: Emerging Macroprudential, Monetary, Fiscal and Global Governance," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(1), pages 1-17, March.
    6. Gaysset, Isabelle & Lagoarde-Segot, Thomas & Neaime, Simon, 2019. "Twin deficits and fiscal spillovers in the EMU's periphery. A Keynesian perspective," Economic Modelling, Elsevier, vol. 76(C), pages 101-116.
    7. Vincent Duwicquet & Jacques Mazier & Pascal Petit & Jamel Saadaoui, 2015. "The Future of the Euro," Post-Print hal-01399157, HAL.
      • Duwicquet, Vincent & Mazier, Jacques & Petit, Pascal & Saadaoui, Jamel, 2015. "The future of the euro," MPRA Paper 67690, University Library of Munich, Germany.
    8. Phillip Anthony O’Hara, 2013. "Policies and Institutions for Moderating Deep Recessions, Debt Crises and Financial Instabilities," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(1), pages 19-49, March.

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