Munich Personal RePEc Archive

Monetary System. Functional and Institutional Structure

Popa, Catalin C. (2007): Monetary System. Functional and Institutional Structure.

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Abstract

This paperwork is meant to treat some contemporary and stringent global problems, related to the almost new problematic of international monetary system and its crises, since the Bretton Woods system breakdown. In the last 3 decades, this subsystem of global economy becomes the most important and the most instable as well. The last contagious monetary or financial crises proved that in the absence of a coherent minimum control regarding the free movement of foreign capital between nations, the market is unreliable and incapable to fit itself in the new economical realities related to risks appraisal and fixed assets real value. In these circumstances a new wave of scientific researches regarding the institutional and functional architecture of a new global monetary system is quite necessary and welcomed, being useful for reconfiguration of global reality from the financial markets point of view. In this order the paperwork explains from a logical perspective, the functional particularities of market forces mechanisms regarding the monetary system specific instrument and activities. The conclusions underline the importance of liquidities and the fundamental relevance of real risks appraisal in market mechanism for assuring a proper action and activity of the international monetary system as a global component.

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