Warianty tytułu
The Influence of the Global Financial Crisis on the International Role of the Dollar
Języki publikacji
Abstrakty
W artykule sfrmułowano cel badawczy: określenie, czym jest pieniądz międzynarodowy i jakie funkcje powinien pełnić; zbadanie, czy i w jakim stopniu dolar amerykański pełni te funkcje oraz w jakim stopniu światowy kryzys ułatwi bądź utrudni dolarowi ich wypełnianie w przyszłości. Realizacj celu badawczego podporządkowano strukturę opracowania. W punkcie pierwszym przedstawiono definicję pieniądza międzynarodowego. Przybliżono również funkcje, które taki pieniądz powinien pełnić. W punkcie drugim zbadano zakres wykorzystania dolara amerykańskiego jako waluty rezerwowej i kotwicy nominalnej systemów pieniężnych krajów członkowskich MFW. Punkt trzeci zawiera ocenę możliwego wpływu sytuacji gospodarczej Stanów Zjednoczonych na pozycję dolara amerykańskiego. ostatni punkt to podsumowanie. (fragment tekstu)
The paper reveals the possible influence of the financial turmoil as well as the crash of the American economy on the international role of the American dollar. The main targets of the paper are: to define international money and its functions; to analyze whether the American dollar is able to fulfill these functions; as well as to analyze to what extent the global financial crisis is going to make harder or easier the fulfillment of these functions in the future. As a result of the conducted research, some final remarks have been formulated. According to them, the most likely scenario is that the international role of the dollar will not be endangered. However, defending the existing status quo will be possible only under the circumstances of demand for American securities strong enough to dampen the dollar's depreciation pressure. The primary source of that pressure nowadays appears to be mounting U.S. external imbalance. Nowadays, only emerging Asian countries, with a special consideration of China, can be regarded as capable to create such demand. (original abstract)
Rocznik
Numer
Strony
53--85
Opis fizyczny
Twórcy
autor
- Uniwersytet Ekonomiczny w Poznaniu
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