Publication detail

Extreme Tools of World Economy Management and Their Risks.

REJNUŠ, O.

Original Title

Extreme Tools of World Economy Management and Their Risks.

Type

conference paper

Language

English

Original Abstract

This paper deals with the problems of contemporary development of world economy and the manner of its management. Its aim is to evaluate current development of the economy of the most important countries of the world and, subsequently, to analyze assets and risks of their macroeconomic management and to predict future development, with special respect to early identification of possible commencement of future crisis. Firstly, this is an analysis of contemporary economic development of the most important world economies, before all the US, China, Japan, the most important member states of the EU and further globally important countries, in context with specific manners of their management. In connection with this, pros and cons of tools of monetary and fiscal regulation, used by them, as well as further problems that might result in future world crisis, are specified. Furthermore, contemporary global economic development is analysed and its future course is predicted and the most important risks are specified, both current risks and those ones related to potential feasible introduction of further, newly considered extreme tools of macroeconomic management. In conclusion, prognosis made by German economist and politician Marcus Faber, published in 2015: “The collapse of contemporary system is unavoidable” has been confirmed.

Keywords

World economics, fiscal and monetary policy, economic system, new macroeconomic tools, economic crises

Authors

REJNUŠ, O.

Released

22. 8. 2019

ISBN

978-80-210-9338-6

Book

European Financial Systems 2019. Proceedings of the 16th International Scientific Conference

Edition

Josef Nešleha, Lukáš Marek, Miroslav Svoboda, Zuzana Rakovská - Masaryk University, Brno 2019

Edition number

1

Pages from

457

Pages to

465

Pages count

9

BibTex

@inproceedings{BUT159452,
  author="Oldřich {Rejnuš}",
  title="Extreme Tools of World Economy Management and Their Risks.",
  booktitle="European Financial Systems 2019. Proceedings of the 16th International Scientific Conference 

",
  year="2019",
  series="Josef Nešleha, Lukáš Marek, Miroslav Svoboda, Zuzana Rakovská - Masaryk University, Brno 2019",
  number="1",
  pages="457--465",
  isbn="978-80-210-9338-6"
}