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...
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.
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