Added Title
DLSU-AKI Policy Brief 2023-07-007
Document Type
Policy Brief
Publication Date
7-2023
Place of Publication
DLSU-Angelo King Institute, Room 223, LS building, 2401 Taft Avenue, Manila 0922
Abstract
AGLOBAL financial summit held in Paris some days ago reached a "new" global pact to help developing countries deal with poverty, climate change and debt. Part of the solution? More "funds," that is, debt. Ironically, nobody at the Paris summit questioned the current monetary system, which is at the root of the debt problem.
Coincidentally, a recent article in the journal Real-World Economics Review (http://www.paecon.net/PAEReview/issue104/Spano) argues that one of the potential consequences of the Russia-Ukraine war could be the demise of the US dollar as the international unit of account. If this materializes, the international monetary system may change significantly. This could be one of the most important events of the 21st century.
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Recommended Citation
Felipe, J. (2023). What Russia-Ukraine conflict may imply for the future of dollar-centered monetary system. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/170
Disciplines
Economic History | International Economics
Keywords
War in Ukraine; Monetary System; Russia
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