THE INTERNATIONAL MONETARY FOND AS A CREATOR OF THE GLOBAL FINANCIAL SYSTEM
Journal Title: UTMS Journal of Economics - Year 2012, Vol 3, Issue 1
Abstract
IMF and World Bank were created after the Second World War as a result of monetary and fiscal Conference of the United Nations (UN) in the Bretton Wood, New Hampshire in July 1944. This conference was part of the efforts to finance the construction of Europe which was destroyed in the Second World War, and to protect the world from further economic depressions. The decision that was reached at Breton Wood was influenced by the global economic depression which had affected the world in the yearly thierties.That was the biggest crisis that with with the capitalism confronted. The unemployment grew with tremendous speed and for a short time period almost one quarter quarter of the U.S. working-age population was unemployed. English economist John Maynard Keynes claimed that the cause of economic recession is insufficient demand.
Authors and Affiliations
Violeta Spaseska Kitanovic, Saso Kozuharov
Keywords
Related Articles
- EP ID EP273851
- DOI -
- Views 140
- Downloads 0
THE IMPACT OF TAXES MEASURED BY GINI INDEX IN MACEDONIA
The past decades the problem of income inequality and welfare segregation has presented itself as one of the biggest faults for modern economic systems. Republic of Macedonia as a country in development is presented with...
IMPROVING THE DISTRIBUTION OF BULGARIAN SEASIDE HOLIDAY HOTELS
This report aims at viewing and analysing the trends and changes in the channels for distribution of tourist products. The specific features of modern hotel management together with the tasks in the process of distributi...
WINTER SAECULUM
Accumulated imbalances in the economy and on the markets cause specific financial market dynamics that have formed characteristic patterns kept throughout long financial history. In 2008 Authors presented their expectati...
TOURIST VALORIZATION BY APPLYING THE SCORING METHOD
The development of tourism in any area cannot be imagined without its planning, which must be preceded by valorization of tourism resource potential that is located in the area. Valorization is actually the second step t...
THE INFLUENCE OF FOREIGN DIRECT INVESTMENT ON THE ECONOMIC DEVELOPMENT
Foreign investments have an impact on the development of the economy in the host country, through the transfer of capital, technology and management practices. In addition, they contribute to improving business activitie...