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- Biblioteca della Libertà
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The study breaks down into five parts. After a brief historical outline of the revolutions that have taken place in the governance of currency in the brief space of just over a century, the author describes how domestic and international currency and money markets are working in the wake of the huge development of derivatives. In the third part, he lists some of the consequences for currency governance and suggests an appropriate theoretical reference framework. In the fourth part, he sets the problem of credit rating, on which the authorities have centred the new architecture of the international monetary system, into its proper analytical and practical dimension. He concludes by speaking of reflections on the global economy of the new international monetary and financial conditions, if the government continues to use traditional methods or undergoes the necessary corrections.