Here is the synopsis of our sample research paper on THE NEED FOR A NEW INTERNATIONAL MONETARY SYSTEM. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 12-page paper attempts to answer if there is a need for a new international monetary system. Using the example of currency, the essay supports the thesis that there should be a new one. Also discussed is the IMF's role in an overhauled system. Bibliography lists 5 sources.
Page Count:
12 pages (~225 words per page)
File: D0_MTintmon.rtf
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Unformatted sample text from the term paper:
"international markets," and "global markets" on almost a regular basis. During the latter part of the 20th century, countries have turned more and more to each other for goods
and services, with the results being lowered tariffs and taxes on imports, as well as the flow of capital across borders.
While globalization and international markets seem to be benefiting the majority of the countries, such a market is still working under an international financial system that was created almost a
century ago and updated the last time more than 60 years ago. The question then becomes whether there is a need for a new international monetary/financial system to work
in tandem with global markets. The purpose of this paper is to answer this question. To do so, we will first
review the history of the international financial system, discuss some pros and cons of one aspect of overhauling the system -- namely, the currency aspect -- then conclude this essay
with the answer to our question, based on a review of the arguments. History of the International Finance System Before the 20th
century, most governments maintained currencies by pegging them to the value of an underlying asset -- for example, the United States and much of Europe followed the gold standard until
the 1920s (Hausmann, 1999), with European nations one by one leaving the gold standard throughout the 1930s. But during periods of war and when more money was needed, countries abandoned
that value to print more money, but were turned to it as quickly as possible following war; such as Europe did after World War I (Hausmann, 1999).
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