Klimova Ekaterina Dmitrievna1, Skirta Natalia Nikolaevna1
1Don State Technical University, master

The International Monetary System - a form of organization of exchange relations between the countries that emerged in the course of development of the world economy and legally enshrined in international relations. The international monetary system has come a long way from spontaneously functioned system based on the gold standard, to purposefully regulated and relies on paper-credit money.
In this article, the policy of stabilization of the exchange rate considered in detail, used in world practice, the example of foreign exchange intervention, since the time of the existence of the Bretton Woods monetary system. The objectives of any intervention is the desire to change the level of the exchange rate, the balance of assets and liabilities in different currencies or expectations of the market players. In practice, these goals are usually combined in order to achieve the greatest success. Judged on the use of foreign exchange intervention may be on the dynamics of country's foreign reserves. And also reviewed and analyzed the current monetary policy countries and Russia, clearly illustrated in detail the relationship used in the performance of the Central Bank foreign exchange intervention and sterilization.

Category: 08.00.00 Economics

Article reference:
The policy of stabilizing the exchange rate through foreign exchange interventions // Modern scientific researches and innovations. 2016. № 12 [Electronic journal]. URL:

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