Transformations of the monetary and financial system in the new stage of development of world capitalism

Abstract

Purpose: the international monetary and financial system transformations are studied within the framework of the new stage of contemporary capitalism.

Design/methodology: Using the productive and financial variables of the reference countries, it is shown the impact of the transformations in the power relationships between both the World and regional levels in their monetary and financial projections.

Results: It is found that productive transformations have an impact on the international monetary and financial system dynamics.

Originality: This research explores the transformations that occur in the monetary and financial spheres at the international level when the national economies' techno-productive base changes.