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P G Apte
P.G.Apte International Financial Management
5.1 Introduction
The International Monetary System facilitates
transfer of funds between parties, conversion of
national currencies into one another, acquisition
and liquidation of financial assets, and
international credit creation
An important constituent of the global financial
system
International liquidity
The International Monetary Fund
The adjustment process i.e. how does the
system facilitate the process of coping with
payments imbalances between trading nations
Currency blocks and unions such as the EMU
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Monetary Policy
Stable Exchange
Independence
Rate
Floating Rate
Integration
Currency Union
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