Analysis of Innovation Opportunities in International Monetary System with Reference to the Emerging Trend of Globalization
With the start of global financial crisis, the international monetary system has entered into a new debate of reform. One dominant view in this debate is that the problems and their consequences, of the current international monetary system, are partial requirements of emerging trend of globalization, and will reach at peak in future. Lots of innovation opportunities in the present international monetary system have been discussed in the past. In this context, the question arises; which innovation opportunity can better fulfill the globalization requirements? We have analyzed the four most prominent innovation opportunities, in the light of, current and future requirements of globalization. The paper concludes that although issuance of IMF SDRs is revealed as comparatively better option, but every innovation opportunity has significant drawbacks those are requiring the close attention of the concerned economists and policy makers.
Zhang Jianqing Shahzadah Fahad Qureshi Muhammad Saim Hashmi
Economics and Management School,Wuhan University,Wuhan,P.R.China,430072 School of Economics,Huazhong University of Science and Technology,Wuhan,P.R.China,430074
国际会议
The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)
武汉
英文
143-147
2010-12-04（万方平台首次上网日期，不代表论文的发表时间）