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Preferred term

monetary relations  

Definition

  • International “monetary relations” refers to the efforts of sovereign states to influence the conditions of cross-border flows of money and other financial assets, especially money flows that are not the direct counterpart of real exchanges of goods and services. These conditions include but are not limited to exchange rate regimes and levels, capital and investment controls, foreign debt contracts, the use of reserve currencies, regulation of multinational banks and nonbank financial institutions, and balance-of-payments crisis management. [Source: International Encyclopedia of Political Science; Monetary Relations]

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https://concepts.sagepub.com/social-science/concept/monetary_relations

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