Appraisal of the Current International Monetary System

Ruogu Li

Chapter 6 in Reform of the International Monetary System and Internationalization of the Renminbi, 2015, pp 53-66 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The contemporary international monetary system was born out of the Bretton Woods system. Its operating mechanism was set up to correct or mitigate disequilibrium in international trade and balance of payments. Since it was an outcome of compromise among various parties, the contemporary international monetary system is bound to encounter numerous problems in its functioning.

Keywords: IMF; World Bank; Financial Crisis; International Monetary System; RMB; International Monetary System Reform; China; US; Dollar; Renminbi; Yuan; Currency; Exchange Rate (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2015
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