The international circuit of key currencies and the global crisis: is there scope for reform?: Lilia Costabile

The causes of the global crisis are still hotly debated among economists (including some of those contributing to this volume), and for a good reason: the remedy crucially depends upon the diagnosis, and we still need a recipe to exit this crisis, which, in spite of early optimism, is still plaguing the world and Europe, with its sequel of financial disorder, sovereign risks and, above all, mass unemployment. Even more importantly, we need to devise methods by which global crises may be avoided in the future.