HISTORICAL ASPECTS OF THE CREATION OF INTERNATIONAL FINANCIAL ORGANIZATIONS

Анотація

The article is devoted to the study of the issue of the historical aspects of the creation of international financial organizations. The current stage of development of international relations is characterized by the constant expansion of the sphere of cooperation at the interstate level, as a result of which all spheres of relations emerging in the world become objects of international legal or economic regulation. Thus, international organizations act as a separate organizational and legal form of interstate cooperation. It is typical for them to play the role of the main organizer of interstate relations through a specific institutional form of cooperation. The financial orientation sets the economic and legal nature of international financial organizations.

The broad international consensus now supports the reform of the global financial architecture to achieve several goals: increasing transparency (ie improving the availability of information on macroeconomic and financial conditions); strengthen and reform domestic financial institutions to prevent crises; and improve existing mechanisms to address emerging crises. This section begins with a description of the proposals that have been made in each of these three areas. Then the following steps are analyzed, which are considered in the restructuring of the international financial system. Finally, he looks at the European Monetary Union, the prospects for the euro as an international currency and the possible implications for the US dollar.

The paper begins with an overview of the current roles of the international financial institutions (IFIs) in postconflict reconstruction and peacebuilding operations. Two sets of critical issues are then discussed, with a view to formulating actionable proposals for improving IFI capacities to contribute to these tasks. The first set of issues pertains to the reorientation of conventional IFI policies in light of the special requirements of postconflict transitions – the need to do some things differently. The second set of issues involves distinctive tasks that arise in postconflict environments – the need to do some different things.