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RESEARCH PRODUCT

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

Andreea Trimbitas

subject

lcsh:HB1-3840International Monetary SystemArchitecturelcsh:Economic theory. DemographySpecial Drawing Rights (S.D.R.)jel:E42International Monetary Fund (I.M.F.)Bretton WoodsInternational Monetary System Bretton Woods Reforms Architecture Special Drawing Rights (S.D.R.) International Monetary Fund (I.M.F.)Reforms

description

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.

http://economics.expertjournals.com/wp-content/uploads/EJE_104trimbitas2013pp19-27.pdf