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The evolution of the contemporary international monetary system – integration or disintegration?

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  • Dorota Zuchowska

    (College of Social and Media Culture)

Abstract

This article aims at answering the question about the course of evolution of contemporary international monetary system (sometimes called „non-system”): which tendency is prevailing, to integrate or to disintegrate? This research focuses on the cross-sectional analysis of the key elements of the international monetary system: the exchange rate regimes, the structure of currency reserves, and the processes of adaptation. An attempt has also been made to evaluate the institutional dimension, namely the actions of the International Monetary Fund.

Suggested Citation

  • Dorota Zuchowska, 2012. "The evolution of the contemporary international monetary system – integration or disintegration?," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 10(3), pages 13-30, September.
    • Handle: RePEc:cpn:umkeip:v:10:y:2012:i:3:p:13-30
    DOI: 10.12775/EiP.2012.021
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    References listed on IDEAS

    as
    1. Mr. Aasim M. Husain & Mr. Ashoka Mody & Nienke Oomes & Mr. Robin Brooks & Mr. Kenneth Rogoff, 2003. "Evolution and Performance of Exchange Rate Regimes," IMF Working Papers 2003/243, International Monetary Fund.
    2. Guillermo A. Calvo & Carmen M. Reinhart, 2002. "Fear of Floating," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(2), pages 379-408.
    3. Eichengreen, B. & Masson, P. & Savastano, M. & Sharma, S., 1999. "Transition Strategies and Nominal Anchors on the Road to Greater Exchange-Rate Flexibility," Princeton Essays in International Economics 213, International Economics Section, Departement of Economics Princeton University,.
    4. Mr. Arvind Virmani, 2011. "Global Economic Governance: IMF Quota Reform," IMF Working Papers 2011/208, International Monetary Fund.
    5. Mrs. Isabelle Mateos y Lago & Rupa Duttagupta & Rishi Goyal, 2009. "The Debate on the International Monetary System," IMF Staff Position Notes 2009/026, International Monetary Fund.
    6. Barry Eichengreen & Nathan Sussman, 2024. "The International Monetary System in the (Very) Long Run," Springer Books, in: Claude Diebolt & Michael Haupert (ed.), Handbook of Cliometrics, edition 3, pages 1749-1783, Springer.
    7. Isabelle Mateos y Lago & Rupa Duttagupta & Rishi Goyal, 2009. "The Debate on the International Monetary System," IMF Staff Position Notes 2009/26, International Monetary Fund.
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    More about this item

    Keywords

    international monetary system; exchange rate regimes; currency reserves;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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