Good international monetary system

Explain criteria for the ‘good’ international monetary system.

E

Expert

Verified

Good international monetary system must offer the following: 

a) It should provide adequate liquidity to world economy, 

b) It should offer smooth adjustments to the BOP disequilibrium as soon as it occurs, 

c) Also provide the, safeguard against the confidence crisis within the system.

   Related Questions in Financial Accounting

©TutorsGlobe All rights reserved 2022-2023.