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The international monetary system in view of growing geopolitical risks
Mrak, Mojmir
The main purpose of this paper is to analyze the IMS within the framework of geopolitical risks, which increased significantly over the last decade as consequence of various crises, especially the ...global financial crisis a decade ago and COVID crisis in recent years. Geopolitical risks intensified significantly this year with the outbreak of the war in Ukraine and the tightening of relations between the US and China regarding Taiwan. In addition to the Introduction and Conclusion, the paper consists of three chapters. While the second chapter provides a brief analysis of the functioning of the IMS in the period after the collapse of the Bretton Woods system, the third chapter focuses on the analysis of the dollar, which played the role of the leading currency of the international monetary system for decades and its role, for the time being, remains largely unchallenged. The main purpose of the fourth chapter is an attempt to identify the possible directions of development of the IMS in the forthcoming period.
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