Reforming of the International Exchange System Under Conditions of New Financial Architecture Formation
Authors: Nataliya M. Pantielieieva
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Modern tendencies in reforming the international exchange system under conditions of new financial architecture formation are examined in the article. The research deals with structural principles of exchange system, that are defined as main reforming directions, by the characteristics of stability, effectiveness, symmetry and realization ability. The initiatives concerning the process of dedollarization, return to gold standard, creation of single supranational currency and multicurrency standard are considered. The role of Central banks in reforming national exchange mechanisms is defined.