Problem
1. What are the key characteristics of an effective international monetary system? Does the current system meet these requirements?
2. What were the main problems in the Bretton Woods system? Are such problems present in the current system?
3. Why are SDRs often referred to as "paper gold"? What role do they play in the current system?
4. What is the similarity, if any, between a gold standard and a world central bank? What is the difference?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.