The International Monetary System and Financial Markets

2014 ◽  
pp. 307-348
Keyword(s):  
Financial Markets ◽  
International Monetary System ◽  
Monetary System

scholarly journals International Monetary System and the Emergence of Renminbi

2017 ◽  
Author(s):  
Müslüme Narin ◽  
Alpay Öznazik
Keyword(s):  
Financial Markets ◽  
World Bank ◽  
International Monetary System ◽  
National Currency ◽  
Financial Asset ◽  
Executive Board ◽  
Brics Countries ◽  
Monetary System ◽  
Us Dollar ◽  
Japanese Yen

After the 2008 crisis International Monetary System (IMS) entered a period of change. The system under hegemony of dollar criticized in financial markets with regards to instability and lack of confidence. Whereas IMF argued that the IMS should be restructured in emerging markets, in the report of World Bank it was estimated that in the future of IMS a multipolar multiple currency system which includes Dollar, Euro and Renminbi (RMB) will improve (World Bank, 2011: xii). BRICS countries wanted diversify, especially, the Chinese reserves, but the Executive Board of IMF rejected SDR basket to be expanded until 30 November 2015. With the decision taken on this date, it took Chinese national currency RMB into SDR basket since the date of 1 October 2016. After this decision, the value of SDR has been composed of the sum of the currencies of US dollar, Euro, Chinese RMB (yuan), Japanese yen and pound sterling. Thereby, in SDR basket Chinese national currency ranked thirdly by weight. The purpose this paper is to discuss the ever-increasing importance of Chinese national currency RMB in IMS. In this direction, at first, the formation and development of SDR will be informed, then the direction of RMB towards the SDR basket will be discussed, after that, the appearance of the idea of RMB’s internationalization and the period of internationalization of RMB will be addressed. Finally, an assessment will be made about RMB’s being a means of payment and international financial asset in foreign trade.

The International Monetary System and Financial Markets

2021 ◽  
pp. 328-376
Author(s):  
Oded Shenkar ◽  
Yadong Luo ◽  
Tailan Chi
Keyword(s):  
Financial Markets ◽  
International Monetary System ◽  
Monetary System

scholarly journals On risk and development trend of international financial market

2018 ◽  
Vol 6 (1) ◽  
Author(s):  
Jianping Lan
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
International Monetary System ◽  
Development Trend ◽  
International Financial Markets ◽  
International Financial Market ◽  
Goods And Services ◽  
Monetary System

<p>China joins in WTO since , As the market continues to open , International Transfer of goods and services , International Transfer of clothing , Forex Trading ,Gold output input , This will cause all aspects of the operation of the inter-international monetary system to be closely related to the international financial markets. , So in the international arena , the Interstate Financial market becomes very important . Clothing article describes the The meaning of international financial markets , effect ,feature , and analyzes the risks that are likely to occur in international financial markets and the development of international financial markets .</p>

scholarly journals Transformation of the paradigm of financial architecture in the conditions of cyclical and digital development of the economy

2021 ◽  
Vol 7 (3) ◽  
pp. 89-102
Author(s):  
Lyazai A. Talimova ◽  
Keyword(s):  
Economic Development ◽  
Financial Markets ◽  
International Monetary System ◽  
Banking System ◽  
Special Importance ◽  
Real Sector ◽  
Financial Architecture ◽  
Monetary System ◽  
Digital Development ◽  
Characteristic Features

The article substantiates the importance and identifies the factors of innovative economic development, among which the special importance of financial architecture is emphasized; summarizes the essence, factors, principles and specific features of financial architecture; reveals the characteristic features of the manifestation and perception of cyclical economic processes and countercyclical regulation; identifies the problems of regulating international financial markets, the role and importance of the banking system in the financial architecture, the interdependence of credit relations and the development of the real sector of the economy; the factors that led to the need to restructure the international monetary system were identified.

CRYPTOCURRENCY PHENOMENON IN THE INTERNATIONAL MONETARY SYSTEM

2017 ◽  
pp. 95-100
Author(s):  
Артур Анатолійович Василенко
Keyword(s):  
World Economy ◽  
International Monetary System ◽  
State University ◽  
Electronic Money ◽  
Monetary System ◽  
Current Trends ◽  
The World ◽  
Post Graduate Student ◽  
The One ◽  
Xix Century

UDC 336.74   Vasylenko Artur, post-graduate student. Mariupol State University. Cryptocurrency Phenomenon in the International Monetary System. The main prerequisites of cryptocurrency emergence in the international monetary system in terms of regionalization of the world economy are defined in the article. Determination of «cryptocurrency» category was analysed from the point of two main approaches to its treatment: on the one hand cryptocurrency is admitted to be the currency equally to the sovereign currency, and on the other hand it is considered as an unrecognized virtual asset. The main consequences which arise in case of widespread use of crypto currency for the country and for the parties that agreed to use cryptocurrency were analysed and systematized. On the basis of the research, given the current trends in the world economy, the author put forward and substantiated the hypothesis to classify the phenomenon of cryptocurrency as the effects of a famous philosophical «Negation of negation law» formulated by G. Hegel at the beginning of the XIX century.   Keywords: cryptocurrency, material money, electronic money, digital currency, regional currency integration, blockchain, mining, capitalization, «Negation of negation law».

Wilfred Ethier. Modern International Economics. New York: W. W. Norton and Company. 1983. xviii + 588 pp.

1988 ◽  
Vol 27 (1) ◽  
pp. 81-83
Author(s):  
Nadeem A. Burney
Keyword(s):  
International Economic ◽  
New York ◽  
Economic Theory ◽  
International Economics ◽  
International Monetary System ◽  
International Markets ◽  
The Past ◽  
Monetary System ◽  
Recent Developments

Its been long recognized that various economies of the world are interlinked through international trade. The experience of the past several years, however, has demonstrated that this economic interdependence is far greater than was previously realized. In this context, the importance of international economic theory as an area distinct from general economics hardly needs any mentioning. What gives international economic theory this distinction is international markets for some goods and effects of national sovereignty on the character of economic activity. Wilfred Ethier's book, which incorporates recent developments in the field, is an excellent addition to textbooks on international economics for one- or twosemester undergraduate courses. The book mostly covers standard topics. A distinguishing feature of this book is its detailed analysis of the flexible exchange rates and a discussion of the various approaches used for their determination. Within each chapter, the author has extensively used facts, figures and major events to clarify the concepts in the light of the theoretical framework. The book also discusses, in a fair amount of detail, the existing international monetary system and the role of various international organizations.

THE MODERN INTERNATIONAL MONETARY SYSTEM: THE POSSIBILITY OF USING CRYPTOCURRENCIES AS ALTERNATIVE MONETARY CALCULATIONS

2019 ◽  
Vol 9 (12) ◽  
pp. 1868-1877
Author(s):  
Lilia Abdrakhmanova ◽  
◽  
Amir Abdrakhmanov ◽  
Elena Shchigortsova ◽  
◽  
...  
Keyword(s):  
International Monetary System ◽  
Monetary System

Conclusion

2017 ◽  
Author(s):  
Aled Davies
Keyword(s):  
International Monetary System ◽  
The State ◽  
Real Economy ◽  
Social Democratic ◽  
Monetary System ◽  
1960S And 1970S ◽  
Post War ◽  
The 1960S ◽  
City Of London ◽  
The City

The aim of this book has been to evaluate the relationship between Britain’s financial sector, based in the City of London, and the social democratic economic strategy of post-war Britain. The central argument presented in the book was that changes to the City during the 1960s and 1970s undermined a number of the key post-war social democratic techniques designed to sustain and develop a modern industrial economy. Financial institutionalization weakened the state’s ability to influence investment, and the labour movement was unable successfully to integrate the institutionalized funds within a renewed social democratic economic agenda. The post-war settlement in banking came under strain in the 1960s as new banking and credit institutions developed that the state struggled to manage. This was exacerbated by the decision to introduce competition among the clearing banks in 1971, which further weakened the state’s capacity to control the provision and allocation of credit to the real economy. The resurrection of an unregulated global capital market, centred on London, overwhelmed the capacity of the state to pursue domestic-focused macroeconomic policies—a problem worsened by the concurrent collapse of the Bretton Woods international monetary system. Against this background, the fundamental social democratic assumption that national prosperity could be achieved only through industry-led growth and modernization was undermined by an effective campaign to reconceptualize Britain as a fundamentally financial and commercial nation with the City of London at its heart....

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