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2000•OAR@UM (University of Malta)Open access

Strengthening the global financial stability : lessons from the European Monetary Union

Alex J. Kondonassis, Anastasios G. Malliaris

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Abstract

The purpose of this paper is twofold. First, we illustrate the difficulties of the current global monetary system by reviewing its recent historical record and second, we argue that its stability can be strengthened by implementing the lessons learned from the European Monetary System.

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What this paper is about

The purpose of this paper is twofold. First, we illustrate the difficulties of the current global monetary system by reviewing its recent historical record and second, we argue that its stability can be strengthened by implementing the lessons learned from the European Monetary System.

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Available abstract

The purpose of this paper is twofold. First, we illustrate the difficulties of the current global monetary system by reviewing its recent historical record and second, we argue that its stability can be strengthened by implementing the lessons learned from the European Monetary System.

Key concepts: Corporate governance, Insider, Voting, Accounting, Business, Cash flow, Agency (philosophy), Agency cost

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