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

Многополярность в сфере валютных отношений как основа справедливого обмена в мировой экономике

Natalia N. Azhogina (Ажогина Н.Н.) and Lyudmila V. Kitaeva (Китаева Л.В.)
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Natalia N. Azhogina (Ажогина Н.Н.): South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration
Lyudmila V. Kitaeva (Китаева Л.В.): South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration

State and Municipal Management Scholar Notes, 2024, vol. 1, 90-96

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 dedollarization, 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.

Keywords: rent-oriented behavior; dollar rent; de-dollarization; regionalization; BRICS; reserves; institutions; financial infrastructure (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:smmscn:s24111

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