International monetary systems
From The Art and Popular Culture Encyclopedia
|
Related e |
|
Featured: |
International monetary systems are sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected. The systems can grow organically as the collective result of numerous individual agreements between international economic factors spread over several decades. Alternatively, they can arise from a single architectural vision as happened at Bretton Woods in 1944.
See also
- Bretton Woods Project
- Eurodad
- Exchange rate regime
- Foreign exchange reserves
- Financial crisis of 2007–2010
- G20
- Global financial system
- Golden Age of Capitalism - for a comparison of the economic performance during the Bretton Woods and post Bretton Woods period
- History of money
