This paper analyses reasons of the instability of the world monetary system. The author considers this problem from historical and contemporary perspectives. According to presented point of view banknotes and electronic money which replaced gold and silver coins in popular circulation are the most important reason of the instability. There are also proven positive and negative consequences of money instability. Reforms of the world monetary system need agreement within the global collective hegemony of state-powers and transnational corporations.
global instability; currencies; exchange rates, gold and silver money; Kopernik's law; banknotes; real and symbolic value; national economies; international trade and capital flows; global economy; state-corporation hegemonic stability theory