From Reserve Currencies to Reserves of Critical Goods: Designing a New BRICS International Currency
BRICS Law Journal, 2020 Currently, there is a need for reform of global monetary circulation and credit, which in a sense has stalled. The key is to restore the connection between monetary circulation and real production.
K. Molodyko
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Reserve currency competition in a polycentric world financial system
Финансы: теория и практика, 2022 This research is devoted to the issues of reserve currency competition in the global financial system. The paper aims to investigate key sources of competitive advantages of reserve currencies in the context of the development of the global financial ...
D. M. Sakharov
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Evolution and development trends of the world monetary and fi nancial system [PDF]
Известия Саратовского университета. Новая серия: Серия «Экономика. Управление. Право», 2023 Introduction. Structural changes in the world economy and trade and its financialization contributed to the growth of instability and necessitated the building a new structure for the world monetary and financial system. Theoretical analysis.
Naidenova, Natalia V.
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Internationalization of Renminbi as a Function of China’s Foreign Exchange Policy
RUDN Journal of Political Science, 2021 This article discusses the prospects of the Chinese renminbi (RMB) to expand its sphere of influence and become a full-scale reserve world currency. The methods used in the article are retrospective analysis and graphic analysis. The work is divided into
Klavdiya E. Chernilevskaya
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New approaches to international reserves: The lack of credibility in reserve currencies [PDF]
Russian Journal of Economics, 2022 The ongoing international reserve paradigm based on trust will experience a major transformation despite being convenient, flexible and low-cost. The underlying issue is a loss of trust.
Evgeny Y. Vinokurov +2 more
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Modern Reserve Currencies: Debt Stability of the Reserve Currency Emitting Countries [PDF]
Business Inform, 2020 The article is aimed at researching the level of debt stability of the countries that emit reserve currencies. The historical aspects of formation and development of the global structure of reserve currencies are considered in accordance with the functioning of existing currency systems.
O. А. Shuba, K. V. Travkina
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Digital trade coin: towards a more stable digital currency [PDF]
Royal Society Open Science, 2018 We study the evolution of ideas related to creation of asset-backed currencies over the last 200 years and argue that recent developments related to distributed ledger technologies and blockchains give asset-backed currencies a new lease of life.
Alex Lipton +2 more
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An introduction to the prospect of the Chinese RMB as a reserve currency [PDF]
Banks and Bank Systems, 2016 On October 1, 2016, the Chinese RMB (yuan) will be included in the SDRs of the International Monetary Fund (IMF). Reserve currencies are select currencies that have special drawing rights (SDRs).
Paul Gentle
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CURRENCY MULTIPOLARITY IN THE SYSTEM OF GLOBAL FINANCE [PDF]
Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка, 2013 The key determinants for defining and development of international position of currency are given. The main tendencies of composition of international reserves by currency component are determined.
O. Bulkot
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Military and Political Influence on the Portfolio of Global Reserve Currencies
Финансы: теория и практика, 2021 This paper analyses a new concept presented in the works of B. Eichengreen, A.J. Mehl, L. Chitu “Mars or Mercury? The Geopolitics of International Currency Choice”, according to which the state’s possession of nuclear weapons is linked to its possession ...
M. Y. Alekseev +2 more
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