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Multipolarity in the field of currency relations as the basis for fair exchange in the global economy

https://doi.org/10.22394/2079-1690-2024-1-1-90-96

EDN: DEFOPC

Abstract

The article is about the transformation of the global monetary system that has been taking place in the last two decades, as well as the forecast of the future architecture of international settlements and reserves. The authors refer to the key modern trends as de-dollarization, regionalization, blockism and the struggle for the appropriation of rental income within the framework of national economic systems. The authors state that further transformation of the global financial system is inevitable, it will lead to the dismantling of the usual institutions of international settlements and the automatic destruction of sanctions as an institution of political pressure on nation states, and the sooner this process is launched, the higher the probability of economic growth in the blocs of friendly countries based on deep economic cooperation and common interests.

About the Authors

N. N. Azhogina
South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration
Russian Federation

Natalia N. Azhogina – Cand. Sci. (Econ.), Associate Professor of the Department of Economic Theory and Entrepreneurship

Rostov-on-Don



L. V. Kitaeva
South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration
Russian Federation

Lyudmila V. Kitaeva – Cand. Sci. (Econ.), Associate Professor of the Department of Economic Theory and Entrepreneurship

Rostov-on-Don



References

1. Azhogina N. N., Kitaeva L. V. Institutionalization of rent-oriented behavior of the state in the world economy. State and Municipal Management. Scholar Notes. 2023;(2):85–90. (In Russ.). https://doi.org/10.22394/2079-1690-2023-1-2-85-90

2. Rubchenko M. At the end of the oil age. Expert. 27.09.2010-03.10.2010;(38). (In Russ.)

3. Zotin A. The World Central Bank. RBC. 2010;(1). (In Russ.)

4. Marukhno A. Battle of printing presses. RBC. 2011;(1). (In Russ.).


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For citations:


Azhogina N.N., Kitaeva L.V. Multipolarity in the field of currency relations as the basis for fair exchange in the global economy. State and municipal management. Scholar notes. 2024;(1):90-96. (In Russ.) https://doi.org/10.22394/2079-1690-2024-1-1-90-96. EDN: DEFOPC

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ISSN 2079-1690 (Print)
ISSN 2687-0290 (Online)