TRENDS AND PROSPECTS OF DEVELOPMENT OF WORLD MONETARY SYSTEM

Abstract

Ineffectiveness of the existing world monetary system that contributed to the resumption of its possible reform of the discussions has been revealed in the context of the global economic crisis. Due to the world economic interdependence of countries growing sharply raises the question of formation of the complex mechanism of global governance and the principles of a supranational character. This article analyzes the current trends and prospects of development of the world monetary system.

Keywords

• world economy
• the global monetary system
• financial crisis
• globalization