What are the problems of present International Monetary system? Give suggestions to improve the system. 

Major burning issues of the international monetary system. These are:

1. Symmetry of adjustment and 2. Stability of the exchange rate system

Symmetry:

Adjustment mechanism of the international monetary system has to be symmetrical, i.e., in international monetary arrangements all countries should have equal rights and equal obligations. According to Keynes, symmetrical international monetary order implies a common measure, a common standard, a common rule applicable to each country and not irksome to any one.

In reality, the IMF had failed to bring about a symmetrical monetary order. Thus, a major problem is how fast asymmetries in the system can be eliminated. There are, however, many practical constraints in achieving this goal. Nevertheless, the IMF has made some progress, in recent years, in moderating the degrees of asymmetry between surplus and deficit countries; particularly, by facilitating adjustment in heavily-indebted countries, easing its burden, and bringing its candid influence on their policies.

In recent years, for instance, the Fund has evolved liberal credit facilities along with, the compensatory financing facilities, the oil facilities; enlargement of the access of members to the Fund’s resources. So also, the structural adjustment facility and other devices of the Fund have helped in the creation of a contingency financing mechanism that has helped _____ ____ ____ _____ ____.
____ _______ ___ _______ ___ ______ _____.
___ _______ _______ _______ __________ ______ __________ _________ ______ __________.
_____ _______ ____ ___ ______ ___ ________ _____ _________.
_______ __________ ___ _____ ______ ___ ____ _____.
_______ ________ __________ ____ ______ _____ ________ __________ ______ ___.
___ _________ ______ ______ ______ __________ _______ __________.
________ ________ __________ ______ _____ ______ ___.
____ ______ _________ ____ ____ _____ _____.
____ _______ ______ ________ __________ _________.
_______ _____ _____ __________ ________ ______ _______.
______ ________ _________ ________ ___ __________ ___.
____ __________ ________ ______ _________ ___.
____ __________ ______ __________ __________ ________ __________.
___ _____ ____ ___ ___ ____ _______.
________ __________ ________ ___ ____ ___ ___ ___ __________ ____ ___.
__________ ________ __________ ________ ________ _________ ________ ______ _______ ______ ____.
________ ____ _______ ___ __________ __________ __________ ____ _______ ________ ________.
_______ _________ ___ ______ _________ __________ __________ _____ ____ ____ ________ _______.
________ _______ ____ _________ _____ _____ ______ _____ ____ ________ _____ ____.
___ __________ ______ ______ ______ _____ __________ _____ _______ _______ _______.
____ _______ _______ ________ ____ __________.
________ _________ ________ __________ ___ __________ _______ ___ ______.
_________ _________ ______ ___ ____ _________ _________ ______ _________.
____ _______ _________ ____ _____ __________ ______.
________ ___ _______ _______ ___ __________ _____ ____ ____ ______ __________.
___ ________ _______ _________ ______ ____.
________ ____ _______ _____ ___ _______.
_____ __________ _______ ________ ___ __________ __________ ________.
________ ___ _______ __________ ______ ____ _______ ___.
____ ____ __________ ________ _______ ______ ___.
___ ______ ______ _______ ____ ___ _____ __________ _________ ___ __________.
_______ ___ _________ ____ ______ _______ _______ ______ ____.
__________ __________ _________ ___ ________ _____ ____ ___.
____ ________ ___ ____ _______ __________ _______ ____.
_______ ________ _______ ___ _________.
_________ ________ ___ _______ _________ _____ ___ _____ ________ ______ _______.
________ _____ __________ _________ _____ _____ ____ ___ _____ ________.
________ ___ ________ ______ ________ ________ _________ ______ _____ __________ _________ ________.
______ __________ __________ _____ ___ _________.
_________ ________ ________ ______ ________ _______.
_______ _____ _________ ____ _______ __________.
_____ ____ _________ ___ __________ _______ _______ _________ _________ ______ ______.
___ ___ _________ ___ ________.
_____ _____ _________ ________ __________.
________ __________ ____ _________ __________.
__________ __________ __________ ___ __________.
_______ _________ __________ _________ _______ ____ ________ ______ ___ ___ ______ _______.
_____ _____ ______ _____ ___ _________ ______.
__________ ______ ____ ___ ___ ___ ___ ______ ________.
______ _______ _________ ______ __________.
________ _____ _________ __________ _____ _________ _____ ____ _________ _________ __________.
__________ _________ ______ _____ ________ __________ _____ ________.
__________ _____ ___ _______ ___ ___ _________ ___ _________ _________.
____ __________ __________ ___ ______ ________ _________ _____ ____ ______ __________ ________.
_________ _____ ___ ____ ________ ___ _______ _____.
_______ ________ ___ _____ _____ _______ ______ ________ __________ ______ ________.
______ ______ __________ ____ ______ _______ _________ ________.
__________ _________ _________ _______ ________.
_____ ___ _________ ___ ____ ____ ________ _______.
_______ __________ ________ ___ ________ ___ __________ ________ _________ ____ ________.
____ ____ __________ _________ _____ ______ ____ _________ _______ _________.
__________ _____ ______ __________ _____ ___ _________ __________ ______ _____ _________ ___.
____ ____ _____ _______ ______.
________ _______ _________ _______ ___ __________ _______ _____ _______.
___ ________ _____ ___ _____ ________ ___ _________.
___ ________ _______ __________ __________ ______ ____ ________ ____ _____.
__________ ______ ______ _____ _____ ___ _____ _________ ____ _______.
______ ___ _______ _____ ____ __________ ___ _________ _______ ____.
_______ ____ _____ _________ ___ __________ _____ _____ _________ _________ ________.
______ ____ ______ __________ ___ ______ ______ ____ _______.
________ _____ _________ ___ _________ __________ _________ _____ ___ ________ __________.
_____ ______ _____ _______ ________ ______ ____ _____ _______ ___ __________.
________ _____ _______ _________.
Get Full Answer on WhatsApp