Uluslar arası para sisteminin reformu: Dünya merkez bankacılığı mı yoksa serbest bankacılık mı

Over the centuries we have not learned origins or symptoms of crises accurately. As a result of this, we have always had the crises and lastly the 2008 financial crisis (Great Recession). The Great Recession showed we have faulty economic theories and economic policies. Thus, we need theories that can detect the origins of any crises more accurately and then cancel them. Actually, we don't need economic models when crises have already arisen. Here we initially show the flaws of the current monetary system and then proposals to solve these flaws. In this case, we will introduce two type proposals. The first category of proposals is World Central Banking Models: proposals of J.M.Keynes (Bancor Plan), P.Davidson (International Monetary Clearing Union), J.Stiglitz and B.Greenwald (Global Greenback Plan), J.D'Arista (International Clearing Agency Plan), J.A.Ocampo (SDR-based Global Reserve System), P.Alessandrini and A.F.Presbitero (SDR-based International Monetary System). According to these writers the flaws of the current global reserve system are anti-Keynesian bias (deflationary bias), the Triffin Dilemma (the currency asymmetry problem) and the instability-inequality link.The second category is Free Banking Models: proposals of G.Selgin (Productivity Norm and Free Banking), F.Hayek (Denationalization of Money and Nominal GDP Targeting), L.von Mises(Gold Standard with Free Banking), and J.H.de Soto and M.Rothbard(Gold Standard with % 100 Reserves). These authors argue that any government intervention like regulations and bailouts in the production of money or any government based institutions like central banks or treasury cause instabilities (business cycles and thereby economic crises) in the free society. According to them we should create a world freed from governments. But they differ in three issues: the identity of the money issuer, the nature of the money substitutes, and the nature of the private property. These issues led them to propose different monetary reforms. Key Words: origins, the Great Recession, flaws of the current monetary system, proposals of World Central Banking and Free Banking Models