Discuss the criteria for a ‘good’ international monetary system

International Monetary System

Discuss the criteria for a ‘good’ international monetary system. Include the following in your discussion of the monetary system:

  • What are the criteria for a well-developed international monetary system?
  • What are the benefits of a well-developed international monetary system?
  • In today’s climate of dependency on technology, what precautions are needed to protect international monetary systems in terms of cyber-crimes?
  • International monetary systems conditionalities such as those imposed by the IMF may result in the loss of a country’s authority to govern its own economy as national economic policies are predetermined under the assistance package. Discuss conditionalities and their effects on nations.

Your paper should be 4-5 pages in length and well written. Support your answers using at least four professional sources (for the entire assignment) in addition to the textbook. Note that written assignments must have a title page, section headers, introduction, conclusion, and reference page. Your paper should conform to CSU-Global Guide to Writing and APA (Links to an external site.).

Answer preview………..

International Monetary System

Increase in the mobility of factors of production increased the ease with which individuals could engage in international business. An improved outlook towards the external environment increased cases in which countries engaged in trade, which especially improved in the twentieth century with increased ease of transportation from improvements in technology. However, one of the primary challenges involved the management of finances across the different countries, with one standard of value. Although gold was the primary standard of exchange between different countries, there was a change after World War I, with the………….

APA 1211 words

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