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QUESTIONS AND ANSWERS
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Abstract
The “European Union” has 28 member states that are mainly in Europe. The international monetary fund had 189 member states and was established in 1945 with the aim of ensuring stability in the international monetary system. The summary of money flow in and out of a country is represented by the International Capital Flow which refers to the financial part of international trade. The monetary policy controls the printing and circulation of money. To stimulate economic growth, the government may engage in deficit spending during a recession. A supranational actor is a union or group in which the influence and power of member states exceed the national boundaries. A transnational actor, on the other hand, is an organization that acts independently from state authorities and whose operations are beyond state boundaries. The Euro is the single currency of the European Union. Justice and Home Affairs were important in the Treaty of Maastricht.
What was established after World War II to coordinate currency exchange and the balance of international payments?
The “International Monetary Fund (IMF)”. This organization was established in 1945 with the aim of ensuring stability in the international monetary system. It has 189 member states. The IMF works with the “World Trade Organization (WTO)” in a complementary manner to ensure smooth international trade and resolves trade disputes. The WTO …