The International Monetary System: New Evidence Concerning a Transition to Multipolarity

This article focuses on the transition of international monetary system to a multipolar structure. The continuously evolves, reflecting developments in world economy. main problem current is its dependence one key currency which still remains US dollar. authors this study address issue towards by examining concentration. primary objective work establish whether or not shows signs transitioning multipolarity. To achieve this, have used tools measuring level market change polarity analysed with concentration ratios and Herfindahl-Hirshmann index. theoretical part definitions terms essential for study, such as system, polarity, global currency, For practical part, data were sourced from databases institutions, namely International Monetary Fund (IMF), Bank Settlements (BIS), Society Worldwide Interbank Financial Telecommunications (SWIFT) European Central (ECB). period time between 2001 2019, results indicate that reserve currencies dropped slightly, although enough cause qualitative system. may serve base future research topic.