DOI: https://doi.org/10.36719/2706-6185/47/234-237
Oktay Shahbazov
Azerbaijan State Economic University
Master student
https://orcid.org/0009-0006-7344-3277
shahbazovoktay41@gmail.com
The Role of International Financial Organizations and Regulatory Authorities in Ensuring the Stability of the International Monetary System
Abstract
The international monetary system plays a crucial role in ensuring global economic stability and development. International financial institutions and regulatory bodies are key to maintaining the resilience of this system. The International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), and other financial institutions implement various mechanisms to safeguard the stability of global financial markets, prevent currency crises, and support economic growth. The IMF provides financial assistance to member countries and offers policy recommendations to maintain stability in the monetary system. The World Bank supports long-term economic development and finances infrastructure projects. The BIS contributes to the management of global liquidity by enhancing cooperation among central banks.
Keywords: financial assistance, economic risks, financial markets, normative rules, economic development