Development of Regional Monetary Funds at the turn of XX–XXIth Centuries

Authors

  • Дарья Валерьевна Смирнова St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

Abstract

International organizations, particularly the IMF, designed to improve the global stability were established in the middle of XX century and do not fully reflect the realities of globalizing economy. Primarily, some changes in the global economic configuration, namely, dynamic growth of developing economies, are not represented in the global governance institutions. The world community tends to take various actions to smooth current imbalances, conclusion of regional monetary agreements being one of them. Such initiatives in Asia, Africa, Latin America and in the Middle East resulted in a more flexible decentralized structure, where the IMF acts as a senior organization cooperating on certain conditions with regional monetary funds.

Keywords:

global governance, international monetary and financial institutions, regional monetary funds

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Author Biography

Дарья Валерьевна Смирнова, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

аспирантка

References

Литература на русском языке


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Translation of references in Russian into English

Published

2012-06-29

How to Cite

Смирнова, Д. В. (2012). Development of Regional Monetary Funds at the turn of XX–XXIth Centuries. St Petersburg University Journal of Economic Studies, (2), 144–148. Retrieved from https://economicsjournal.spbu.ru/article/view/2530

Issue

Section

Short Scientific Reports