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Development of the International Monetary System Conditions of Globalization
- Source :
- EUROPEAN RESEARCH STUDIES JOURNAL. :269-279
- Publication Year :
- 2017
- Publisher :
- ISMA SYC INT, 2017.
-
Abstract
- This paper outlines the modern trends in the development of the international monetary system in conditions of financial globalization. The paper establishes that the international monetary system has evolved through different stages necessitated by various economic crises at different periodic intervals. It is noted in the paper that despite the inefficiencies in the current dollar denominated international monetary system developed countries are reluctant to do any reforms. However, International monetary system reform is obvious and most likely will happen under the growing crisis in the international financial systems and credit relations. It is proposed that countries look at new innovations that will make international transactions cheaper and less risky.<br />peer-reviewed
- Subjects :
- Monetary policy
Currency question
Monetary economics
Financial crises
Monetary system
International finance -- Law and legislation
General Business, Management and Accounting
Globalization
Economic policy
International finance
International economic relations
Economics
Liberian dollar
ComputingMilieux_COMPUTERSANDSOCIETY
General Economics, Econometrics and Finance
Developed country
Subjects
Details
- ISSN :
- 11082976
- Database :
- OpenAIRE
- Journal :
- EUROPEAN RESEARCH STUDIES JOURNAL
- Accession number :
- edsair.doi.dedup.....0e5eca5738d64afaa427312c4f742798