The article "Economics of the International Financial System" explains how the global economy works in the 21st century. It shows how different countries' economies are connected, so when something happens in one place, it affects others too. The article talks about international money, different money markets, and big financial institutions like the World Bank and IMF. It also looks at the new world financial system that came after the Bretton Woods system ended. This information is important for students, scholars, policymakers, and people working in finance to understand how the international financial system works.