Munich Personal RePEc Archive

An overview of the new architecture for the international monetary system

Popa, Catalin C. (2007): An overview of the new architecture for the international monetary system. Published in: Scientific Bulletin of Naval Academy 'Mircea cel Batran' , Vol. 1, No. ISSN 1454 - 864X (12. December 2007): pp. 403-409.

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Abstract

The new architecture of the international monetary-financial system is determined by the evolution of the economics, socials, culture and contemporary policies. The reorganization of the monetary-financial system’s institutional and functional formulas is not possible against trimming the intervention according to all the attempts regarding defining the new equation of the global equilibrium. The International Monetary Fund and the World Bank represent only a parcel of the institutional system with universal vocation. Its role is to watch over the monetary-financial dimension and it has direct responsibilities regarding formulating certain policies and coherent strategies meant to assure the general monetary and the global financial equilibrium.

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