The International
Monetary System III
Dr. Antony Mueller
05/11/2015
1
Major events 1997-2004






05/11/2015

1997: East Asian financial and economic
crisis
1999: Brazilian currency crisis. End of
Plano Real
New Economy Euphoria
2000: Crash of Nasdaq stocks (down 70
per cent)
2002: January 1: Euro becomes legal tend
in 11 (later 12) EU countries
2003/04: global concerns abut US
government and current account deficits
2004: “Eastern Enlargement” of the
2
European Union
Events 2002 - 2004

2002: January 1: Euro becomes
legal tend in 11 (later 12) EU
countries

2003/04: global concerns abut US
government and current account
deficits

05/11/2015
2004: “Eastern Enlargement” of the
European Union
3
2005 - 2006







05/11/2015
“The Great Moderation”
Second US American Boom
Rise of China
Take-off of India
Growth recovery in Brazil
Continuous yet moderate weakening
of the US dollar
Concerns about global imbalances
recede
4
2007





05/11/2015
Sudden breakdown of the
international Interbank market
Onset of US real estate crisis
Massive liquidity injections by central
banks
Drastic policy rate cuts by US central
bank
Fragile stabilization
5
Tópico três



05/11/2015
Detalhes sobre este tópico
Exemplos e informações de suporte
Como isso se relaciona com o
público
6
2008 Spring






05/11/2015
Further liquidity injections by central
banks
Drastic rate cuts by US central bank
Crisis of US housing markets
deepens
US economy weakens
Inflation concerns on the rise
US dollar continuous to weaken
7
O que isso quer dizer


05/11/2015
Adicione uma informação importante
que resuma o que você sente ou
pensa sobre este tópico
Resuma os pontos principais que o
público não deve esquecer
8
Próximas etapas


05/11/2015
Resuma as ações solicitadas ao
público
Resuma os itens de ação que você
deverá acompanhar
9