Concept information
Preferred term
international monetary system
Definition
- The term international monetary system refers to the formal and informal arrangements between national governments and financial institutions—private, public, and international—that govern the flow of money and capital between countries. Some aspects of these flows are strictly regulated by domestic and international laws; others are subject to whims and fancies of the market forces often governed by informal agreements and market conventions. [Source: Encyclopedia of Business in Today's World; International Monetary System]
Broader concept
Narrower concepts
- Bank for International Settlements
- Bretton Woods
- capital controls
- central banks
- convertibility
- cross rate
- currency
- currency zone
- devaluation
- dirty float
- dollar hegemony
- dollarization
- Euro
- European monetary system
- exchange rate
- fiat money
- flexible exchange rate regime
- foreign exchange markets
- foreign exchange reserves
- gold standard
- managed float regime
- market-basket currency
- Marshall-Lerner condition
- monetary intervention
- monetary policy: rules versus discretion
- reserve currency
- revaluation
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/international_monetary_system
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