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HandWiki. International Monetary Systems. Encyclopedia. Available online: https://encyclopedia.pub/entry/37867 (accessed on 30 September 2026).
HandWiki. International Monetary Systems. Encyclopedia. Available at: https://encyclopedia.pub/entry/37867. Accessed September 30, 2026.
HandWiki. "International Monetary Systems" Encyclopedia, https://encyclopedia.pub/entry/37867 (accessed September 30, 2026).
HandWiki. (2022, December 02). International Monetary Systems. In Encyclopedia. https://encyclopedia.pub/entry/37867
HandWiki. "International Monetary Systems." Encyclopedia. Web. 02 December, 2022.
International Monetary Systems
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The content is sourced from: https://handwiki.org/wiki/Finance:International_monetary_systems

An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. It should provide means of payment acceptable to buyers and sellers of different nationalities, including deferred payment. To operate successfully, it needs to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade, and to provide means by which global imbalances can be corrected. The system can grow organically as the collective result of numerous individual agreements between international economic factors spread over several decades. Alternatively, it can arise from a single architectural vision, as happened at Bretton Woods in 1944.

global imbalances reallocation monetary system

References

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  5. Occasionally also called the golden age of capitalism in older sources, and also the first golden age of capitalism in later sources that recognise golden age that spanned approx 1951–73. A few economists such as Barry Eichengreen date the first age of globalisation as starting in the early 1860s with the laying of the first transatlantic cables between Great Britain and the USA.
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