ISSUE: 2/2011

  • Volume 58
  • Number 2
  • 2011


Studia Europejskie –
Studies in European Affairs

ISSN: 1428-149X
e-ISSN: 2719-3780

Ccbync License


Articles published in the journal are under a Creative Commons Attribution – Non Commercial – No Derivatives 4.0 International License

Wybrane aspekty przemian w międzynarodowym systemie walutowym

Changes in the international monetary system


The article focuses on two important issues related to changes in the international monetary system. The first one concerns the architecture of monetary system during the post-crisis adjustment. We consider the weaknesses of a two-currency system based on dominant role of USD and the euro as the second international money. We try to find arguments in favour of developing such a system to multipolar one. In the second part we refer to the “currency war” developments as an example of changing attitude to using macroeconomic instruments. We argue that the use of an exchange rate as a policy instrument may increase over time in case of difficulties inrecovery of the industrial economies and excessive capital flows to developing countries.

Language: Polish

Pages: 25-48

How to Cite:


Tchorek, G. and Gromiec, Z. and Kuziemska, K. and Nawrot, M. (2011) "Wybrane aspekty przemian w międzynarodowym systemie walutowym". Studia Europejskie – Studies in European Affairs, 2/2011, pp. 25-48.