The Dollar

September 27, 2017

General

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Moreover, with this measure, brusque oscillations in the quotation of the local currency in relation to the dollar are prevented very and a bigger economic instability, in the measure where if it depends less on external resources. Ademais, as Krugman standes out & Obstfeld (2010), does not have no type ' ' liabilities of reserva' ' (obligatory deposit, in the case of Brazil) in international the interbancrio relationship, what it is indispensable for a bigger security of this system. Another point also detached by the author and that the handle must be taken is the biggest solidity of banking financial institutions and not bank clerks, in special the deep loans and of pension. For this a bigger transparency of the investments of these groups is essential: a bigger abrangncia in the financial demonstrations and the patrimonial rockings of this company, with the specification of the investments of short term, would be a good measure to follow its performance and its degree of risk. However, these proposals, control of the international flows of short term (it saw taxation, for example), some form of ' ' obligatory deposit internacional' ' (it saw FMI, for example) and greater financial transparency in the rockings of the anonymous societies and institutions, is not easy if to be reached.

Measures isolated unilateral they would not be interesting, has since, if the capital finds mooring cables it in a place, quickly flows for the other flabbiest one, being that who loses, in this in case that, it is the regulating State. Therefore, they would only be viable reforms through an ample multilateral effort enters the biggest economies of the world (G20), what we know that extremely is complicated in short term. All and any supranational decision of so great magnitude demands long and delayed twirled of negotiation or the famous meeting of cupola. In short term international the financial system will have to remain so anarchical how much it is today and with the same risks of a new financial crisis at any time.