StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Various International Monetary - Essay Example

Cite this document
Summary
The Bretton Woods Agreement of 1944 laid the basis for the establishment of the World and International Monetary Fund to salvage the declining global economy (Fischer, & Lindgren 2014). Since then, the two bodies have contributed to the growth of the world economy to a great…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
Various International Monetary
Read Text Preview

Extract of sample "Various International Monetary"

ROLE OF INTERNATIONAL MONETRARY FUND AND WORLD BANK By Location Explain the role of the International Monetary Fund (IMF) and World Bank group in the international communityThe Bretton Woods Agreement of 1944 laid the basis for the establishment of the World and International Monetary Fund to salvage the declining global economy (Fischer, & Lindgren 2014). Since then, the two bodies have contributed to the growth of the world economy to a great deal, and this stems from the role that the agreement accorded these institutions.

The IMF and the World play act as intergovernmental pillars that support the structure of the world’s financial and economic order. The World Bank, for instance, loans money to both developing and developed countries thus it plays a significant role in improving global economic development. On the contrary, International Monetary Fund ensures that there is international or global monetary corporation since it is a permanent institution that avails the machineries for collaboration and consultation on global monetary or international financial problems.

Do you believe the IMF has helped or hindered international economies in its role? Why or why notIMF has changed the face of handling monetary issues on a global scale by establishing a permanent institution to take care of the problems (Fischer, & Lindgren 2014). On the other hand, the body is successful in facilitating the expansion as well as ensuring that international trade records a balanced growth. In this case, the body is promoting and maintaining high employment and income levels and has also been responsible the development of proactive resources of the global economies.

Besides, IMF is promoting stability in international business exchanges, a role that ensures that the international economy does not experience depreciation in competition. In addition, the body has been assisting with the establishment of multilateral payment systems especially in transactions between the member states as a way of eliminating restrictions on foreign exchange that hinder the growth of the international trade. Apart from financial assistance, the IMF offers technical assistance to member countries so as to create as well as implement sound economic, banking, monetary policies, and regulations (Fischer, & Lindgren 2014).

BibliographyFischer, S, & Lindgren, CJ 2014, ‘Surveillance, international banking standards and the role of the International Monetary Fund’, PSL Quarterly Review, vol. 51, no. 204, pp23-34.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Various International Monetary Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/business/1676698-various-international-monetary
(Various International Monetary Essay Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/business/1676698-various-international-monetary.
“Various International Monetary Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1676698-various-international-monetary.
  • Cited: 0 times

CHECK THESE SAMPLES OF Various International Monetary

The international monetary and finance structure

Name: Course: Date: The international monetary and Finance Structure: Connection between Chapter 7 and the Lecture Issues Commonly Featuring in both the Lectures And Chapter 7: The international monetary and finance structure affects both individual and the society through various ways.... The structure of the international monetary and finance affects the political relationships between countries globally, thus explaining why the powerful countries are able to exert their authority and power over the less developed and less influential countries in the world....
3 Pages (750 words) Essay

The international monetary and finance structure

Name: Instructor: Course: Date: The international monetary and Finance Structure The international political economy as it currently is heavily influenced by economic globalization (Balaam & Veseth 125).... Economic liberalism that characterizes today's international monetary and financial structures has been supported by; the WTO, the IMF, and the World Bank.... Globalization first emerged with the end of the Second World War, especially after the dire economic policies of the 1930s led to a sharp decline in international trade....
3 Pages (750 words) Essay

Monetary Control in a Changing Financial Government

Also, this would also mean that they would fail to pay their current obligations and with this they not be entitled for future loans in some international monetary institutions and this would really mean a serious problem.... order to compensate with the needs, they have to buy currencies which are more recognized in the world and with this, they need a larger volume of their monetary resources in which they will have to spend tremendous amount just to meet or purchase a certain currency....
5 Pages (1250 words) Essay

International Business in Changing World and IMF

IMF is responsible for maintaining order and stability in the international monetary system.... The performance of international businesses to a large extent depends on the operation of international monetary system.... Globalization has huge implications for companies as it can reduce the cost structure of the… Globalization has helped in improving international trade and investment volume as more and more companies have entered in to global market and take the shape of multinational organizations....
5 Pages (1250 words) Research Paper

The International Monetary Fund as an Organization

Encouraging countries to maintain economic stability is vital and this is through developing sound monetary policies.... This condition will create longer-term stability through disseminating economic and monetary policies; hence helping nations to overcome the future economic crisis.... The focus of this paper is on the IMF, an international association that was established in the year 1944, and later 29 member states joined it, in 1945.... The main goal for its formation was to make exchange rates stable and reconstruct the international payment system after the WWII economic crisis....
5 Pages (1250 words) Essay

Importance of International Trade to an Open Economy such as the UK

international trade plays a major role in the economic growth and development of a country.... international trade in the UK allows the country to gain economic strengths as well as help in their progress to the global competitive environment.... Even though international trade helps in the development of the UK economy, although, it has resulted in the loss of local jobs due to higher dependency on various foreign markets.... However, the introduction of international trade in the country has helped the organizations and industries of the UK to operate effectively and gain competitive advantages (Crown, 2011)....
19 Pages (4750 words) Essay

Analysis of International Monetary Policy after the Euro Book

The author of the paper gives a detailed information about "international monetary Policy after the Euro" book by Robert A.... which offers an extensive review of the impact of the introduction of the euro on the international monetary system… The second country that is relevant for this discussion is Indonesia.... There were no attempts made to hold it, and hence fruitless foreign exchange losses were not incurred Offering a comprehensive review, this book will have great appeal for economists, especially those working on international monetary policy and theory....
9 Pages (2250 words) Essay

Monetary Policy, International Finance and the Exchange Rate

The "monetary Policy, International Finance, and the Exchange Rate" paper state that continuous fluctuations in the reserve requirement will result in the creation of uncertainty of the banks thus striking their liquidity position and therefore the change in the reserve requirement is rarely used.... he central bank introduces the monetary base through which it can change the money supply and influence the circulation of currency and bank reserves in the economy which is mainly represented by the monetary base which is considered as the total of bank reserves and the currency in circulation in the economy (Mankiw, 2002)....
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us