FACTORS OF CRISIS AND RESTRUCTURING WORLD FINANCIAL SYSTEM

2021 ◽  
Vol 1 (7) ◽  
pp. 171-178
Author(s):  
V. V. ZAGARSKIKH ◽  
◽  
E. V. KARANINA ◽  

The article analyzes long-term economic patterns, examines the reasons for international integration and the creation of a new world economic order. Some reasons for the destabilization of the financial system of the planet are revealed, including the depreciation of the US dollar and the redistribution of property rights through the financial market. The analysis of the dollar financial system in the modern conditions of hybrid war is given, possible types of a new world economic structure, solutions for Russia and the world as a whole to create an economic security zone are considered. The conclusion is made about the need for de-dollarization of mutual trade and joint investments.

Author(s):  
S. Kapkanshchikov

The article uses the methodology of world-systems analysis and the theory of sys-temic cycles of capital accumulation to spotlight the turning point of the modern era in connection with the unfolding change in the dominant world economic order. The intensification of the US hybrid war against China and Russia is seen as an inevitable consequence of the completion of a systemic cycle. A comparative anal-ysis of the outdated "Washington consensus" is carried out, as well as of the "Bei-jing consensus" that is superseding it. The need for the multidimensional integra-tion of Russia into the Asian world economic order is justified as a way to strengthen her national security and to ensure sustainable economic development in the foreseeable future.


Author(s):  
A. Polivach

Before the world economic crisis the Chinese government restricted the sphere of the Yuan’s circulation exceptionally by the domestic market. Basically, until that time the Yuan was not freely convertible while the Chinese foreign trade transactions were operated with the help of the US dollar. This is a sufficient reason to state that the issue of Yuan’s underestimated exchange rate has no fundamental relevance. However, the crisis forced China to substantially extend the utilization of its national currency in the international settlements. This is especially true in case of mutual settlements with the neighbor countries. So far, presumably, the issue of Yuan’s underestimated exchange rate will, at last, receive a scientific validity only when the Chinese national currency will become fully convertible and the scales of its utilization will become comparable with those of the traditional hard currencies.


Author(s):  
О.В. Исаева ◽  
Е.П. Криничная

В современном мире происходит формирование нового мирохозяйственного уклада, который характеризуется нестабильностью геополитической обстановки и «перекроением» торгово-экономических отношений, а также форсированным развитием высоких технологий и их активным внедрением в производственную сферу. В этой связи актуальным вопросом является усиление позиций России на международном рынке посредством реализации конкурентных преимуществ отечественных продовольственных товаров. Основа любого высокоэффективного и качественного производства, в том числе и аграрного, – техническая и технологическая оснащенность, высокий уровень которой обеспечивает своевременное выполнение агротехнологических мероприятий без нарушения технологических сроков сельскохозяйственных работ. Проведенные исследования показали, что в нашей стране отмечается значительное отставание в техникотехнологической обеспеченности и инновационности АПК в сравнении с передовыми аграрными странами, что не позволяет в полной мере реализовать потенциал сельскохозяйственной отрасли. В развитых странах мира отмечается переход к шестому технологическому укладу, основанному на применении наукоемких технологий. В этой связи для нашей страны все большую актуальность приобретают вопросы техникотехнологической модернизации и цифровизации аграрной отрасли, повышения инновационной активности субъектов агробизнеса, повсеместного использования научных достижений пятого технологического уклада и ускоренного перехода на «рельсы» шестого технологического уклада. Решение данных вопросов обеспечит паритет России с ведущими аграрными странами по качественным и количественным характеристикам выпускаемой сельскохозяйственной продукции на международном рынке. Одним из решений данной проблемы может стать разработка и внедрение единой государственной политики модернизации аграрной отрасли страны. In the modern world a new world economic structure is being formed, which is characterized by the instability of the geopolitical situation and the «redrawing» of trade and economic relations, as well as the forced development of high technologies and their active introduction into the production sphere. In this regard, an urgent issue is the strengthening of Russia's position in the international market through the implementation of competitive advantages of domestic food products. The basis of any high-efficiency and high-quality production, including agricultural, is technical and technological equipment, the high level of which ensures the timely implementation of agricultural technological measures without violating the technological terms of agricultural work. The conducted studies have shown that in our country there is a significant lag in the technical and technological provision and innovation of the agro-industrial complex in comparison with advanced agricultural countries, which does not allow us to fully realize the potential of the agricultural industry. In the developed countries of the world, there is a transition to the sixth technological structure, based on the use of high-tech technologies. In this regard, the issues of technical and technological modernization and digitalization of the agricultural sector, increasing the innovative activity of agribusiness entities, the widespread use of scientific achievements of the fifth technological structure and the accelerated transition to the «rails» of the sixth technological structure are becoming increasingly relevant for our country. The solution of these issues will ensure the parity of Russia with the leading agricultural countries in terms of the qualitative and quantitative characteristics of agricultural products on the international market. One of the solutions to this problem can be the development and implementation of a unified state policy for the modernization of the agricultural sector of the country.


2019 ◽  
Vol 2 (2) ◽  
pp. 125 ◽  
Author(s):  
Pribawa E Pantas ◽  
Muhamad Nafik Hadi Ryandono ◽  
Misbahul Munir ◽  
Rofiul Wahyudi

This study aims to determine the long-term relationship between stock market and exchange rate in Indonesia. The research method used is Johansen cointegration test. The results of this study found no cointegration between the variables tested. Thus the exchange rate, JII, and IHSG have no relationship in the long term. The fluctuation of the rupiah exchange rate in recent years did not generally affect the performance of stock indices especially after the global financial crisis of 2008. This shows the capital market in Indonesia has a good performance so that it is not so sensitive to the sentiment of the decline in the rupiah against the US dollar. This finding is in line with the findings of Syahrer (2010) which states the exchange rate has no effect on the stock market.


2020 ◽  
Vol 11 (6) ◽  
pp. 296
Author(s):  
Marat Rashitovich Safiullin ◽  
Mikhail Valerievich Savelichev ◽  
Leonid Alekseevich Elshin ◽  
Vadim Olegovich Moiseev

The change in technological modes is accompanied by financial crises that lead to changes in the global financial system. For a long period, gold played the role of world money. However, the development of technology required the transition to more flexible forms of world money, the basis of which is the national currency of the most industrialized countries. Currently, the transition to the technologies of the Sixth technological mode is accompanied by a global financial crisis. The US dollar does not cope with the functions that the latest technologies present to monetary systems. They are being replaced by a new generation of cryptocurrency-based monetary systems. Cryptocurrencies and blockchain offer new forms of investing, calculating, storing, and saving money. Such financial instruments as various types of cryptocurrencies, tokens, smart contracts, and crypto exchanges offer new opportunities for effective investment in technologies of the Sixth technological mode.


2021 ◽  
Vol 2 (1) ◽  
pp. 20-34
Author(s):  
Akhtar Gul ◽  
Tanbila Ghafoor ◽  
Fatima Zahra

The aim of this paper describes world’s future post-COVID-19. Coronavirus resemble pandemics exist in centuries. Exactly, one century ago influenza flu affected the world economy and social order. About millions of people died caused by pandemics along with weak and collapsed economies. The pandemic entirely affected every sphere of life, including, Labor demand and supply, tourism, economy, politics, and nature of the world.  There are two possible scenarios of the world post-Covid-19. First one world will enter new wars, hunger, and world order and so on. Second one, whole states collectively tackle this pandemic. Firstly, Economic and military strength determine the political power of a state. The US has been facing severe and critical crises since 2016. Thus, the US will not maintain power more and more. USA’s One Step Back Policy will collapse USA power and Trump loses the election, and new president will impose new wars on Asian land. European Union will disintegrate due to race of power among the powers along with world face. Secondly, China will impose a new world order after COVID-19. Because China policies totally different from previous superpowers. During supremacy, the Great Britain and USA were adopted aggressive political and military policies. In Contrast, China adopted an economic policy which is beneficial for every society. China started to lead the world economically and politically. So, this gap will create a new war in Asia and globally. China Economic Network policy (BRI) would cover world in 2040 years. Thirdly, world economies will face severe economic conditions like 1923, 1929 and 2008. The current recession and political scenarios are knocking a depression on world economic door. Fourthly, emerging economy India will not cover economic power till 2025. Maybe India never achieves economic prosperity due to Jingoistic approach.  In this paper, we predicate world’s economic and politics shape post-covid-19. The virus is changed every sphere and every field of life. ? We used NiGEM model. It’s just predication, will what occur in future. About 3% Gross Domestic Product, 10% consumption, 18% manufacturing and 13% to 32% trade declined due to current pandemics. Universal recession also take place. Now, how the world’s powerful state will push the world into new wars. Which one imposed new world order post-covid-19? Does a new Great Depression knock world door


2021 ◽  
Vol 144 ◽  
pp. 6-13
Author(s):  
Dmitrii A. Mitjajev ◽  
◽  
Alexander I. Ageev ◽  
Mikhail V. Ershov ◽  
Violetta V. Arkhipova ◽  
...  

The paper continues the publication with the same title and is devoted to the development of currency and financial cooperation between Russia and China. This part of the study contains the main proposals for stimulating of local currency settlements for the analyzed countries and “recipes” for creating new world economic order. In the first part of the work the special attention is paid to the processes of payment systems’ conjugation, development of digital currencies and the idea of creating a collective currency in the Eurasian economic space. The second part is devoted to systemic reforms of the global financial and economic system.


Author(s):  
Achmad Agus Priyono ◽  
Ari Kartiko

Purpose of this study is to clarify the effect of the number of daily cases reported to have contracted the Covid-19 virus, the exchange rate of the rupiah against the US dollar and inflation on the movement of the Indonesian Sharia stock index (ISSI) during the Pandemic Covid 19 in the short term and long term. Data analysis methods that used is analysis Error Correction Mechanism (ECM) using Eviews software 10. The data collected is daily time series data starting from March 2, 2020 to May 31, 2021 so that the number of samples collected obtained as many as 283 samples . The results of the study stated that the addition of the daily number of reported cases of contracting the Covid-19 virus has a negative impact on The Indonesian Sharia Stock Market Index (ISSI) during the Covid-19 pandemic, so that encourage the weakening of the Stock Index both in the long and long term short. Likewise, the weakening of the rupiah against the US dollar will caused the fall of the sharia index during the Covid 19 pandemic, both in the long term and long and short term. However, the study found no effect inflation on the Indonesian Sharia Stock Index (ISSI) during the Covid19 pandemic, good long term and short term


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