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- W2241589788 abstract "Il presente articolo sostiene che in una prospettiva a lungo termine molti dei problemi e delle difficolta che hanno causato il progetto conto di sostituzione ( SA) da rottamare non sono cosi convincenti come in precedenza sembravano essere . Le ragioni che hanno impedito un accordo dall'essere raggiunto ad Amburgo vengono quindi considerate . La potenziale utilita di un sistema di sostituzione e poi valutata contro la prospettiva di persistenti squilibri nei pagamenti dell'economia mondiale e di un sistema di riserva emergente multi-valuta . The present paper argues that in a longer-term perspective many of the problems and difficulties which caused the Substitution Account (SA) project to be scrapped are not as compelling as they previously appeared to be. The authors first review the purposes of the SA before looking at its main technical features. The reasons which prevented an agreement from being reached in Hamburg are then considered. The potential usefulness of a substitution scheme is then assessed agains the prospect of persisting payments imbalances in the world economy and of an emerging multi-currency reserve system. JEL: F33" @default.
- W2241589788 created "2016-06-24" @default.
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- W2241589788 date "2013-12-01" @default.
- W2241589788 modified "2023-09-24" @default.
- W2241589788 title "Il Conto di Sostituzione nel sistema monetario internazionale. (The substitution account: the problem, the techniques and the politics)" @default.
- W2241589788 hasPublicationYear "2013" @default.
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