STUDY THE EVOLUTION OF REFORMING THE INTERNATIONAL MONETARY SYSTEM

Author: Prof. Sava Hristov Dimov, Ph.D (Burgas Free University)

Keywords: international monetary system, gold-bullion standard, gold exchange standard, Bretton Woods monetary system, “dollar gab”, “dollar glut”, „snake in the tunnel“, economic and monetary union, European Exchange Rate Mechanism.

The object of the author's study are problems- еssence and main elements of the international monetary system (IMS), Paris IMS or classical gold standard, Genoese monetary system - a modified form of gold standard, Bretton Woods system as the first result of the postwar monetary doctrine, Jamaican currency reform - a complete denial of the golden model, European monetary system based on the euro and European Exchange Rate Mechanism II.

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