Cerón, Juan A.2008-06-132008-06-132008-05Actas de la X Reunión de Economía Mundial, Barcelona, 29 y 30 de mayo de 2008 [Recurso electrónico]. Barcelona : Universitat de Barcelona, Facultat de Ciènces Econòmiques i Empresarials, 20081887-9489https://hdl.handle.net/10016/2702A new international financial crisis unleashed in summer of 2007. Although it had been earlier warnings about the end of the real state assets overvaluation in U.S.A., subprime mortgage crisis came suddenly in August and its rapid growth and widespread to others countries surprised everyone and brought an extended fear about its effects in the real economy. This paper intends to cope with the turmoil from two different points of view. On the one hand, the purpose is to analyze if theoretical models about financial crisis developed until now could explain properly this one or, on the contrary, new theories need to arise, keeping in mind that, al least for the moment, the current crisis looks quite different from previous ones. The second aim refers to the set of proposals developed during the last thirty years or so oriented to reform the international monetary system. Besides traditional suggestions focused on giving a higher degree of transparency and regulation of the financial systems, both domestic and international, it is worth to think if a new kind of crisis, with a new format, will bring new reforming propositions too.application/pdftext/plainspaCurrency crisisCapital flowsSubprimeMonetary systemconference proceedingsEmpresaopen access