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

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  • Andreea TRIMBITAS

    (Lucian Blaga University of Sibiu)

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.

Suggested Citation

  • Andreea TRIMBITAS, 2013. "The International Monetary System in the Context of the Actual Financial Crisis. Change Proposals," Expert Journal of Economics, Sprint Investify, vol. 1(1), pages 19-27, December.
    • Handle: RePEc:exp:econcs:v:1:y:2013:i:1:p:19-27
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    More about this item

    Keywords

    International Monetary System; Bretton Woods; Reforms; Architecture; Special Drawing Rights (S.D.R.); International Monetary Fund (I.M.F.);
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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