An Appraisal of the Financial Monetary System

Author:

Stellinga Bart,de Hoog Josta,van Riel Arthur,de Vries Casper

Abstract

AbstractThis chapter assesses the financial monetary system on the basis of four characteristics: (1) its economic contribution; (2) its stability; (3) its fairness in the distribution of benefits, costs and risks; and (4) its legitimacy. Based on this analysis, we highlight key problems in the current system. Our analysis points to two underlying problems: the unbalanced and uncontrolled growth of money and debt; and a distorted balance between public and private interests.

Publisher

Springer International Publishing

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