TY - JOUR AU - Rohde, Armin AU - Treu, Johannes PY - 2009/06/01 Y2 - 2024/03/28 TI - Brauchen wir eine neue Weltfinanzarchitektur? JF - Estonian Discussions on Economic Policy JA - TPEP VL - 17 IS - 0 SE - Articles. Artikeln. Artiklid DO - 10.15157/tpep.v17i0.921 UR - https://ojs.utlib.ee/index.php/TPEP/article/view/921 SP - AB - Every crisis in the financial sector leads to the question: Do we need new reform in this sector or actually a new architecture? This question is still alive since the end of the last great international financial agreement is more than 36 years ago, namely The Bretton Woods System. In particular against the background of the latest crises the G20 states came to the compromise that a new structural design in the financial sector is needed as fast as possible. The objective of this recent architecture should be to avoid new troubles. But one of the biggest problems on the way to the new financial design is time. It seems very unrealistic to establish such a new system in only a few weeks time, especially against the background that the preparation of the Bretton Woods System took more than three years. This is only one problem if you try to answer the question above and lots of other issues are still appearing. Furthermore this kind of resolutions could be classified as microeconomic approaches. But there are also macroeconomic answers to the question above. Therefore this paper will concentrate on the macroeconomic approaches and tries to shed some light on the discussion about a new financial architecture as well as discuss some other problems which may occur on the way to it ER -