The nature of the current international monetary system is very flexible, compared to previous systems, as well as its functionality (e.g. the provision of international liquidity, exchange rate regime, the adjustment of external imbalances) that adapts quickly to different economic conditions and political preferences of different countries. However, in times of an outburst of financial crisis, in the literature more and more attention is given to developments in the international monetary system and to a detailed analysis of the crisis’ causes and the breakdown of the international monetary system.