The Basic Preconditions and Problems of Formation of the Effective Monetary and Credit Policy

The article analyzes the most significant factors of functioning of international financial system. Among them are the role of United States Dollar as a primary world currency, global economy misbalances and global markets attraction to «bubble» formation. The article discovers the main directions of international financial system improving.

Monetary policy, inflation, trade deficit, balance of payments deficit, international reserves, reserve assets, «Ponzi scheme», «Bubble»