International Monetary System - a set of specific laws and regulations governing the work on foreign exchange markets central banks to ensure the emission of money.The object of the main provisions of which they are guided in their activities is to facilitate the processes of external trade to such an extent that all participants have the maximum benefit of the transaction.The efficiency of world trade should contribute to the prosperity of her involved in economic systems.
international monetary system has been developed historically by the organization of cash relations between different countries.Its basic principles are enshrined in the agreements that exist at the international level.The appearance and the further evolution of the international monetary system shows the development of the objective function of international capital, which requires certain conditions in the global money market.
economic links between different countries without a clear system of financial relationships impossible.They are understood as economic calculations, which are directly linked to the functioning of the world currency.Economic relations between the countries are very diverse.These include foreign trade links, tourism, exchange of scientific discoveries, the migration of capital, the supply of loans, etc.
international currency system, fulfilling the function of global funds which serve as the criterion of value of the goods is a means of savings, payment and treatment.The main task that it performs is to mediating international payments.
international currency system is a component of a number of its constituent structural components.The main ones are:
- an agreement between the two countries;
- monetary intergovernmental organization;
- global cash items;
- exchange rates;
- transnational liquidity.
the international monetary system includes at various foundations and organizations.These structures combine many states, national societies and institutions created to achieve common goals related to politics, economy, social sphere, culture, science, etc.
of the international-type form their own funds, the purpose of using them - multidisciplinary coordinating the actions of all the participating countries.This process is made possible after the signing of the agreements, the effect of which is aimed at maintaining a uniform financial, monetary and credit policy of the States Parties.These international organizations include the following: IIB, IBEC, IBRD, IMF, UN, with all its institutions, IAEA WFSW and others.
World money commodity can be accepted for the calculation of any state as a means of compensating left the country wealth.It serves international relations.Initially, as international means of payment used by gold.Over time, it came to replace the currencies of the leading countries in the world.At the moment, a proliferation of fiduciary money or composite (SDR, ECU).Their use is based on the trust relationship to the issuer.
currency does not apply to any new type of funds.This is a special way of their functioning.National funds, which act in mediating credit and international connections, automatically become currency.Its value is determined in relation to the currency of another country.The magnitude of the exchange rate exert its influence certain factors.These include:
- the solvency of the state;
- supply and demand in the currency market;
- the balance of payments;
- inflation.
