Changes in the world economy due to the global financial crisis generated a growing reorganization of trade and capital flows, partly due to the modifications regarding exchange rate parities. The scope of the crisis that started in 2007-2008, and the loss of drive it caused in worldwide economic activity, must promote the necessary reforms in the international monetary and financial system.
Key words: international monetary system, global turmoil, global financial and economic crisis, emerging countries, currency wars, trans-border capital tendencies.