[Type document title] [Choose date] [Year] This well-researched document strives to highlight the few strengths, many weaknesses, some opportunities followed by some threats to the international monetary system System. The current global financial crisis has attracted everyone's attention by creating a focal point around international macroeconomic and financial inspection. What happened before the crisis was characterized by robust and unprecedented global development, combined with low inflation rates, low interest rates and low risk premiums. However, in conjunction with the above scenario, the global financial system has experienced an alarming and dire accumulation of universal risks, spurred by the increase in financial and economic imbalances in various countries around the world in addition to the unnecessary and unjustified influence from part of the markets. participants. The complicated nature of the crisis has given rise to a growing number of justifications for its reasons and an assorted range of policy recommendations to restore international stability. The International Monetary System can be illustrated as an international agenda for cross-border financial transactions, i.e. the broader set of conditions and rules that add force to balance of payments transactions, such as the distribution and use of international currencies, exchange rate regimes and capital flows and the rapidly growing interconnectedness between countries, and even those at different levels of financial and financial levels. economic expansion. If possible, the international monetary system should provide a stable environment to support the global flow of payments, provide liquidity to countries and facilitate international financial intermediation so that... half of the paper... Camdessus, Alexandre Lamfalussy and Tommaso Padoa -Schioppa, (2011) REFORM OF THE INTERNATIONAL MONETARY SYSTEM: A COOPERATIVE APPROACH FOR THE 21ST CENTURY at PALAIS-ROYAL INITIATIVE* Available from [18 April 2014]Eric Santor, (2011) The International Monetary System: An Assessment and Avenue for Reform Department of International Economic Analysis, and Lawrence Schembri, Advisor Available from [18 April 2014]THE FINANCIAL CRISIS AND THE STRENGTHENING OF COOPERATION ON GLOBAL POLICY 2011 Available from [18 April 2014]Andrew Crockett, Morris Goldstein Strengthening the International Monetary System: exchange ratesCouncil of the governors of the Federal Reserve system. Federal Reserve Act. Section 2A. April Available from: [17 April 2014]