L’entrée dans le 21e siècle ?
Edited By Vincent Dujardin, Yves De Cordt, Rafael Costa and Virginie de Moriamé
Il apparaît, au vu des multiples facettes d’une problématique aussi complexe, que l’analyse de la crise financière et de ses conséquences appelle une approche interdisciplinaire. Cet ouvrage relève ce défi et rassemble les contributions d’économistes, de juristes, de politologues, d’historiens et de spécialistes du monde des médias qui ont accepté de débattre ensemble du sujet lors d’un colloque tenu à Louvain-la-Neuve les 7 et 8 mai 2009.
CINQUIEME PARTIE: REFLEXIONS SUR LA CRISE ECONOMIQUE ET FINANCIERE
CINQUIEME PARTIE REFLEXIONS SUR LA CRISE ECONOMIQUE ET FINANCIERE Why Should We Have Listened Better to Robert Triffin? Jan Joost TEUNISSEN1 There are various reasons why we should have listened better to Robert Triffin's suggestions of how to fundamentally reform and improve the functioning of the international monetary system. He made those suggestions for the first time in 1957, in his Europe and the Money Muddle, and continued making them until a year before his death in 1993, when he withdrew from all public economic activities. I will discuss two major reasons, the first concerned with the world economic and political system, and the second with the role of economists. 1. A more stable system plagued less by crises The first and main reason why we should have listened better to Robert Triffin's suggestions for reform and improvement of the international monetary system is that the world would have been more stable and would have been plagued less by crises. Those crises have proven to be very harmful for businesses and citizens. In 1985, three years after the world debt crisis broke out in Latin America, and led to what Latin Americans have called 'the lost decade', Triffin once again advocated fundamental reform of the international monetary system, just like he had done energetically during the sixties and seventies. He did so in a report that he prepared for a US Congressional Summit on Exchange Rates and the Dollar. He said, and 1 quote, "We should resume negotiations for a...
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