Global financial institutions shape international monetary policies from "summary" of International Money and Finance by Michael Melvin
Global financial institutions play a crucial role in influencing international monetary policies. These institutions, such as the International Monetary Fund (IMF) and the World Bank, have significant power and influence over the economic policies of countries around the world. One way in which these institutions shape international monetary policies is through their ability to provide financial assistance to countries in need. When a country is facing economic difficulties, it may turn to these institutions for loans and other forms of financial support. In exchange for this assistance, countries are often required to implement certain economic reforms and policies that are in line with the goals and objectives of the institut...
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