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Scenarios for the Future of the International Monetary System


  • Adrian Pop



The paper argues that at present the overhaul of the global economic and financial architecture evolves on four different, although interdependent tracks: re-basing the international monetary system; recognizing the role of emerging economies in global governance; reinforcement of the special drawing rights (SDRs); and the restoration of the gold standard. The paper puts forward three scenarios for the evolution of the international monetary system, including the Repair and Improve Scenario, the Multi-polar/Bipolar Scenario, and the Renewed Multilateralism Scenario, underscoring that the Multi-polar Scenario is seen as the most likely in the medium term.

Suggested Citation

  • Adrian Pop, 2016. "Scenarios for the Future of the International Monetary System," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(1), pages 80-83, March.
  • Handle: RePEc:khe:journl:v:8:y:2016:i:1:p:80-83

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