Evolution of the International Financial System

Skibidi vibes meet the toilet of finance as we dive into the international monetary system. Imagine a world without cross-border transactions, just two goons trading balanced goods, lowkey stuck in their own savings cycles. No capital flows, no sigma investments, only a stagnant economy. Countries juggle policy choices like exchange rates; fixed or floating? The edge is real when they decide between stable currencies or market chaos. Monetary policy is the game changer, with interest rates dictating inflation and spending. Capital mobility adds another layer, either letting money flow freely or locking it down. This is the dank world of global finance.