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New world exchange standard: searches and prospects

New world exchange standard: searches and prospects

Journal of Economic Regulation, , Vol. 4 (no. 4),
p. 73-84

The authors analyze challenges of Jamaican currency system, explore reasonable ways of reforming. The state of the economies of the countries issuing major currencies and the impact of the current global monetary system on the international financial relations are investigated in the paper. The experience of implementing the standard of special drawing rights (SDR) is analyzed. The possibility of creating a new international structure acting in parallel with the IMF, and the issuance of a supranational currency is considered.

Keywords: world monetary system; global currency; financial crisis; foreign currency center; exchange control

Publisher: Ltd. "Humanitarian perspectives"
Founder: Southern Federal University
ISSN: 2078-5429