ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Cryptocurrency: Confusing Signals

Can cryptocurrencies emerge as a competition to national currencies?

Modern Monetary Theory, Deglobalisation and the Dollar

The article explores the interconnections between the rise of modern monetary theory, deglobalisation and the international monetary system. It discusses the evolution of the international monetary system from Bretton Woods One to Bretton Woods Three, and how this transition is linked to globalisation, and deglobalisation, or the shifts in global imbalances. Finally, it makes an evaluation of the impact of these developments on the role played by the dollar in the international monetary system and its possible future trajectory.

Calm before the Storm?

It is generally believed that India is doing far better than most emerging market economies in these times of global economic turmoil. Emerging markets are facing capital flight, with large-scale outflows, especially since the second half of 2015, with the trend expected to continue in 2016. India has been less affected than others, but is clearly vulnerable due to the large number of Indian firms that are exposed to external borrowings, a weak rupee, a year or more of declining merchandise exports, falling corporate profitability, and stressed corporate balance sheets.

Dilemmas of Imperialism:Enfeebled Dollar

There are no buoyancy factors within the US internal market that could give a fillip to a US upturn. The international market, with the exception of China, has similarly entered a state of sustained deceleration. Hence the plight of the wobbly dollar bodes ill as US capitalism lurches from one crisis to another.
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