The International Monetary System in the Context of the Actual Financial Crisis. Change Proposals

Andreea Trimbitas
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Andreea Trimbitas: Lucian Blaga University of Sibiu

Expert Journal of Economics, 2013, vol. 1, issue 1, 19-27

Abstract: The International Monetary System (I.M.S.) has a crucial role in economy, representing the frame for a sustainable development of the economic relationships between states, while contributing at the progress of the world’s economies. Nowadays, this system confronts large difficulties, as a consequence of the lack of financial disciplinary instruments, meant at regulation and coordination. The actual economic-financial crisis proved the limits of the present I.M.S., reason why it is now under “reconstruction”. In this direction, there is a series of reforms that can be implemented, so that the new architecture of the system is much more solid.

Keywords: International Monetary System; Bretton Woods; Reforms; Architecture; Special Drawing Rights (S.D.R.); International Monetary Fund (I.M.F.) (search for similar items in EconPapers)
JEL-codes: E42 (search for similar items in EconPapers)
Date: 2013
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