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Title: Development of the international monetary system conditions of globalization
Authors: Efremenko, Innessa Nikolaevna
Haabazoka, Lubinda
Larionov, Vladimir Alexandrovich
Keywords: Globalization
International finance
International finance -- Law and legislation
Economic policy
Currency question
Monetary policy
Financial crises
International economic relations
Issue Date: 2017
Publisher: University of Piraeus. International Strategic Management Association
Citation: Efremenko, I. N., Haabazoka, L., Larionov, V. A. (2017). Development of the international monetary system conditions of globalization. European Research Studies Journal, 20(3B), 269-279.
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.
ISSN: 11082976
Appears in Collections:European Research Studies Journal, Volume 20, Issue 3, Part B

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