01. Currency & Finance
Monetary, financial and banking disorders and their consequences for the real economy and society taken as a whole are today at the center of economic debate. In the aftermath of the financial crisis that broke out in 2007, the questions are plentiful: should control be restored over capital flows or, going further, should there be a return to financial protectionism? Can the dollar remain the international reserve currency and should it be allowed to do so?
These questions call for a thorough consideration of the international monetary and financial system – its tools, objectives, regulations and economic and social utility – but also of the very nature of money and its functions: what is money? Should currencies adapted to scales of production and exchange (local currencies, international currencies) be conceived? Should currencies be adapted to the exchange of particular goods and services?
In order to contribute to this effort, IRE organizes events and presents analyses and studies on its site concerning the reform of the international monetary and financial system, currency and its various forms (carbon currencies, vector currencies, local currencies, international currencies), banking regulation and the relation between finance, financing and development.
Dossiers
-
“Social economy” as provider of financial services - October 2009
A dossier on Finance and Social Economy
-
Looking for Solutions to the Financial Crisis - November 2008
Conference proceedings “The Financial Crisis, the US Economy, and International Security in the New Administration”, New York, november 2008.
-
Complementary money and development -
Dossier on recent experimentations in the domain of local money and monetary policy
-
Time banking and local development -
Focus on Time Banking, a new experiment to improve social inclusion and community health.
-
Global taxation and fiscal policy -
Proposals for a scale change in taxation and fiscal policies
-
Debt Relief -
A selection of papers published by the New Economics Foundation.
- -
Articles
Pour l’organisation des échanges, il n’est plus possible de s’en tenir à une monnaie unidimensionnelle comme unité de compte et moyen de paiement universels car elle masque la réalité des échanges. Il faut distribuer les droits d’usage selon des quotas individuels, négociables d’abord à l’échelle d’un territoire, puis jusqu’à l’échelle planétaire.
-
The Fed’s Real Reaction Function: Monetary Policy, Inflation, Unemployment, Inequality – and Presidential Politics -
UTIP Working Paper No. 42
-
Les monnaies vectorielles -
Une tentative de réconciliation entre la monnaie et l’environnement
-
Reforming the world’s international money -
by Paul Davidson
- Les alternatives en émergence -
- Les monnaies parallèles : évaluation du phénomène et enjeux théoriques -
- Silvio Gesell’s Theory and Accelerated Money Experiments -
- An Ethical Door Policy: How to avoid the erosion of ethics in Socially Responsible Investment -
- Why we should speak of the oeconomy rather than the economy, and the definition of oeconomy -
-
Des monnaies régionales pour traiter la crise globale -
Compte-rendu de la conférence de Bernard Lietaer à l’Ecole de Paris du management
-
On financial environment and why the the f-word is almost never used -
Bill Black’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« Interest rates are an overly blunt instrument to battle market bubbles » -
Barkley Rosser’s speach at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008
-
« There must be meaningful regulatory inspections and expanded public reporting in all lines of financial business » -
Gary Dymski’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« The first time I investigated sub-prime mortgage fraud was in 1969 » -
Jack Blum’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« We live in a global economy and we need a reform of the global reserve system » -
Joseph Stiglitz’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
Limiting current account deficits -
Luiz Carlos Bresser-Pereira’s speach at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« We made a social deal to finance consumption by debt » -
Marcellus Andrews’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« If you have one International Money Clearing Unit, it’s worth so many dollars ». -
Paul Davidson’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« The government should be in the business of selling insurance against disaster risks » -
Perry Mehrling’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« Three Cheers for Automatic Stabilizers: Where Goes Detroit Goes the Rest of the Nation » -
Teresa Ghilarducci’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
« International regulation has simply left the control of risk to the firms » -
Lord John Eatwell’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
- Cette finance frauduleuse que l’on ne veut pas voir -
-
« La première fois que j’ai enquêté sur une fraude liée aux subprimes, c’était en 1969 » -
L’intervention de Jack Blum lors de la conférence « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14 novembre 2008.
-
Le FMI a-t-il tiré la leçon des crises passées? -
L’intervention de Marshall Auerbach lors de la conférence « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14 novembre 2008.
-
Discours d’ouverture de James Galbraith -
A la conférence « The Financial Crisis, the US Economy, and International Security in the New Administration », novembre 2008
- S’inspirer des banques canadiennes -
-
« A good crisis should never be wasted. » -
Jeff Madrick’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
Notre contrat social consistait à financer la consommation par la dette -
L’intervention de Marcellus Andrews lors de la conférence « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14 novembre 2008.
-
« We’re going to have to spend less, borrow less, accumulate less debt » -
Allen Sinai’s speech at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
-
Construire par une négociation internationale un nouveau cadre monétaire, financier et énergétique -
L’intervention de Pierre Calame lors de la conférence « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14 novembre 2008.
-
Did the IMF learn from the asian experience? -
Marshall Auerbach’s speach at the conference « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14th November 2008.
- Il faut limiter les déficits courants -
-
Réformer la monnaie internationale -
L’intervention de Paul Davidson lors de la conférence « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14 novembre 2008.
-
George A. Papandreou’s Concluding remarks -
To the « The Financial Crisis, the US Economy, and International Security in the New Administration » conference
-
Crise financière : La « fair-value », vrai ou faux coupable ? -
Nicolas Véron, Olivier Poupart-Lafarge, Gilbert Gélard
- Les trois dimensions de la crise -
- Une nouvelle architecture financière internationale -
-
Un problème structurel qui appelle une réponse globale -
L’intervention de Joseph Stiglitz lors de la conférence « The Financial Crisis, the US Economy, and International Security in the New Administration », New York, 14 novembre 2008.
-
From Economy to Oeconomy -
Excerpts from “L’Essai sur l’oeconomie”, by Pierre Calame (Editions Charles-Léopold Mayer 2009).
-
De l’économie à l’oeconomie -
Extrait de l’Essai sur l’Oeconomie, par Pierre Calame, publié aux Editions Charles-Léopold Mayer 2009.
- Taxe carbone ou monnaie énergie ? -
-
La Région, acteur du renouveau démocratique et social -
13 propositions en vue des élections régionales de 2010
-
« There is a hunger to hold people accountable » -
Phil Angelides, Chairman of the Financial Crisis Inquiry Commission
-
Mais qui sont donc ces économistes? -
Retour sur ceux qui avaient donné l’alarme sans être entendus
- Essay On Oeconomy, chapter 1: The Lessons of History -
- Essay On Oeconomy, chapter 2 : Globalization in Question -
- Essay On Oeconomy, chapter 3: Economics on Trial -
- Essay On Oeconomy, chapter 4: Emerging Alternatives -
-
L’intelligence de la gouvernance au défi de l’oeconomie -
Avec Pierre CALAME et Edgar MORIN
- Monnaies sociales comme outil du développement soutenable -
- Quel potentiel de développement pour l’économie sociale et solidaire ? Quel potentiel de développement pour l’économie sociale et solidaire ? -
- Energising Money An introduction to energy currencies and accounting -
- Les innovations monétaires dans la transition social-écologique -
-
Bâle 3 expliqué -
Un rapport de Finance Watch
-
Prospérité sans croissance -
Le rapport de Tim Jackson
-
Keynes et Bretton Woods -
L’éclairage de Gilles Dostaler
Book reviews
The author analyzes the underlying causes of the subprime meltdown, drawing heavily on the work of Hyman Minsky and in particular his financial instability hypothesis. Wray’s analysis is thorough and insightful, but misses the opportunity to incorporate other heterodox schools of thoughts such as behavioral economics.
