International Monetary System
Think about the future of the international monetary system. What (if anything) will be different in five (5) years? 10 years?
If you're wondering where to go with this question, think about things like exchange rate regimes (look at historical patterns). You might also ask if the USD will remain the world's reserve currency (will the pandemic affect this?). You might also want to explore crypto-currencies and how they might impact the IMS of the future. Other ideas might be to explore whether or not we'll still have an IMF and what it's role will be. Do some research. Use your imagination but make sure your ideas are supported and have some basis in reality.
Your primary post should be about 250 words. Any outside sources should be cited (APA preferred). Copying and pasting of text is never allowed in this class even on discussion boards. Make sure you thoroughly address the questions asked and that you follow the conventions of standard written English.
International Monetary System
[name]
[school/course]
[professor]
[date] The outbreak of the COVID19 pandemic has affected different economic statuses from the weakest to the strongest. This pandemic will affect the international monetary system in the coming 5 to 10 years. This idea comes from the fact that the monetary system deals with currency rates and exchange rates all over the world. If the weak economies' currency rates fall, it will affect the other weaker economies. Inflation may occur in these countries, and it may result in the fall of economic status. However, for some countries with stronger currencies, the pandemic can only affect them slightly.
The changes in currency rates and the strength of currencies may affect the international monetary system. The overall price level of countries may disturb the exchange rate of currencies. It may lea...
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