Bericht

Globalization, nationalism, and clearing systems

As global market integration collides with growing demands for national political sovereignty, Senior Scholar Jan Kregel contrasts two diametrically opposed approaches to managing the tensions between international financial coordination and national autonomy. The first, a road not taken, is John Maynard Keynes's proposal to reform the postwar international financial system. The second is the approach taken in the establishment of the eurozone and the development of its settlement and payment system. Analysis of Keynes's clearing union proposal and its underlying theoretical approach highlights the flaws of the current eurozone setup.

ISBN
978-1-936192-63-2
Language
Englisch

Bibliographic citation
Series: Public Policy Brief ; No. 147

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Kregel, Jan A.
Event
Veröffentlichung
(who)
Levy Economics Institute of Bard College
(where)
Annandale-on-Hudson, NY
(when)
2019

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Kregel, Jan A.
  • Levy Economics Institute of Bard College

Time of origin

  • 2019

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