The Reform of the International Monetary System and the Role of the International Monetary Fund in the Contemporary World Economy

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86093918" target="_blank" >RIV/61989100:27510/15:86093918 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Reform of the International Monetary System and the Role of the International Monetary Fund in the Contemporary World Economy
Original language description
The collapse of Bretton Woods system in 1973 changed the international monetary system much more than a modification of the gold standard in the 20s of the 20th century or restoration of currencies convertibility in 1958 (Eichengreen, 2008). Reasons forreforms of the international monetary system were paradoxically caused by a growth of world economies and development of international trade where US dollar played the role of an acceptable mean of payment. And therefore around 1964 foreign debts in dollars exceeded its golden cover guaranteed by the Federal Reserve System of the United States of America (Sedláček, 2008). Internal and external problems of the USA contributed to the reform of the postwar international monetary system. The external problems were caused mainly by the outflow of dollars from the USA. This export of dollars was caused mainly by investments of American companies in Europe. It was a major factor causing deficit of US payment balance (excluding official foreign
Czech name
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Czech description
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Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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