1. International Montary Fund
... no longer had to maintain currency value in relation to gold. The main reason the IMF was created had now vanished. The speed and growth of private currency transactions marginalized the effectiveness of the IMF. Private currency transactions have grown since World War II. Most currency transactions occur outside the influence of the IMF. The Fund, which has funds at its disposal ... influence exchange rate stability is negligible when compared to the amount of financial transactions taking place throughout the world market. IMF resources can not compare with those funds of the private ...
- Word Count: 1993
- Approx Pages: 8
- Grade Level: High School