The problems of the modern world monetary system
The global monetary system has evolved in several successive stages. Each of them is characterized first of all by a definite form of global reserve assets. These reserve assets provide the turnover of all world trade and are a universal means of payment, savings and measure of value. At different s...
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| Format: | Article |
| Language: | English |
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Al-Farabi Kazakh National University
2016-11-01
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| Series: | Хабаршысы. Экономика сериясы |
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| Online Access: | http://be/index.php/math/article/view/1343 |
| _version_ | 1827800683141660672 |
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| author | G. D. R. T. Dauliyeva Kalmakova |
| author_facet | G. D. R. T. Dauliyeva Kalmakova |
| author_sort | G. D. R. T. Dauliyeva Kalmakova |
| collection | DOAJ |
| description | The global monetary system has evolved in several successive stages. Each of them is characterized first of all by a definite form of global reserve assets. These reserve assets provide the turnover of all world trade and are a universal means of payment, savings and measure of value. At different stages of the functioning of the world monetary system the role of money carried gold and national currencies of some developed countries of the West. These currencies were recognized as a standby, because monetary gold reserves of the world were nominated in them. Moreover, the value of international contracts is determined with the use of reserve currencies, Reserve currencies are the tool of currency interventions and the basis of monetary and exchange rate policies of many countries. [1] Modern monetary system is characterized by instability of the exchange rate of the main reserve currency – the US dollar. |
| first_indexed | 2024-03-11T20:14:13Z |
| format | Article |
| id | doaj.art-549c2de1c8534e77b2ef3c992615c415 |
| institution | Directory Open Access Journal |
| issn | 1563-0358 2617-7161 |
| language | English |
| last_indexed | 2024-03-11T20:14:13Z |
| publishDate | 2016-11-01 |
| publisher | Al-Farabi Kazakh National University |
| record_format | Article |
| series | Хабаршысы. Экономика сериясы |
| spelling | doaj.art-549c2de1c8534e77b2ef3c992615c4152023-10-03T11:12:23ZengAl-Farabi Kazakh National UniversityХабаршысы. Экономика сериясы1563-03582617-71612016-11-011164/2The problems of the modern world monetary systemG. D. R. T. Dauliyeva Kalmakova0Al-Farabi Kazakh National UniversityThe global monetary system has evolved in several successive stages. Each of them is characterized first of all by a definite form of global reserve assets. These reserve assets provide the turnover of all world trade and are a universal means of payment, savings and measure of value. At different stages of the functioning of the world monetary system the role of money carried gold and national currencies of some developed countries of the West. These currencies were recognized as a standby, because monetary gold reserves of the world were nominated in them. Moreover, the value of international contracts is determined with the use of reserve currencies, Reserve currencies are the tool of currency interventions and the basis of monetary and exchange rate policies of many countries. [1] Modern monetary system is characterized by instability of the exchange rate of the main reserve currency – the US dollar.http://be/index.php/math/article/view/1343world monetary systemJamaican currency systemproblems of reformationinstability of monetary system. |
| spellingShingle | G. D. R. T. Dauliyeva Kalmakova The problems of the modern world monetary system Хабаршысы. Экономика сериясы world monetary system Jamaican currency system problems of reformation instability of monetary system. |
| title | The problems of the modern world monetary system |
| title_full | The problems of the modern world monetary system |
| title_fullStr | The problems of the modern world monetary system |
| title_full_unstemmed | The problems of the modern world monetary system |
| title_short | The problems of the modern world monetary system |
| title_sort | problems of the modern world monetary system |
| topic | world monetary system Jamaican currency system problems of reformation instability of monetary system. |
| url | http://be/index.php/math/article/view/1343 |
| work_keys_str_mv | AT gdrtdauliyevakalmakova theproblemsofthemodernworldmonetarysystem AT gdrtdauliyevakalmakova problemsofthemodernworldmonetarysystem |