IMPACT OF THE DEVELOPMENT OF THE INTERNATIONAL FOREIGN EXCHANGE MARKET ON THE GLOBAL FINANCIAL ARCHITECTURE

The international currency market plays a crucial role in shaping the world financial architecture. As globalization continues to deepen, the interdependence of economies has increased significantly. The development and evolution of the international currency market have had a profound impact on various aspects of the global financial system. This essay aims to explore the influence of the development of the international currency market on the world financial architecture.