Question
the criteria for a 'good' international monetary system is (i) sufficient liquidity to the world economy, (ii) smooth adjustments to BOP disequilibrium as it arises,
the criteria for a 'good' international monetary system is (i) sufficient liquidity to the world economy, (ii) smooth adjustments to BOP disequilibrium as it arises, and (iii) safeguard against the crisis of confidence in the system.
My question is why is the stated criterias above necessary for an international monetary system?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
