6533b851fe1ef96bd12a9499
RESEARCH PRODUCT
Financing of development and the international monetary system
Elie Sadighsubject
financementréformeinvestissementfonds de solidaritébankingfonds de garantiesystème monéatire international[SHS.ECO]Humanities and Social Sciences/Economics and Financeépargneépargne investissement financement système monéatire international réforme fonds de solidarité fonds de garantie taux d'intérêt[ SHS.ECO ] Humanities and Social Sciences/Economies and financestaxationtaux d'intérêt[SHS.ECO] Humanities and Social Sciences/Economics and Financedescription
Three categories of developing countries must be distinguished. Of these, one cannot constitute either sufficient domestic savings, or a balance of trade surplus, which would allow it to finance its development. This same category which has no possibility^ to pay back its debts doesn't have a good standing among the borrowing countries, on the international financial market. International organizations don't have sufficient funds to face up tothe needs of these countries. Therefore, the current international monetary system is not favorable to these countries. Consequently, a reform of the international monetary system is necessary. This reform should make the study of international liquidity outdated, because the surplus and deficit will always be equal, therefore the rate of the interest will not depend on supply and demand and won't be influenced by tensions on international currency,anymore. Besides, the new system will allow to constitute a solidarity fund, meant to finance the development of the undeveloped countries.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 1994-01-01 |