THE ROLE OF INTERNATIONAL FINANCIAL INSTITUTIONS IN THE GLOBAL FINANCIAL SYSTEM
Abstract
At the moment, the currency system is a set of various forms of organization of currency relations of certain countries. The main elements are the national currency, national authorities responsible for currency regulation, the regime of the national currency exchange rate, regulation of the convertibility of the national currency, the regime of gold markets and the currency of a certain country. The modern currency system is not subject to any strict rules of operation.
Keywords:
currency system IMF currency relations national currency currency regulation financial institutions convertibility regulationReferences
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