Institutional and functional contradictions of the present-day global financial architecture

 
PIIS020736760021862-7-1
DOI10.31857/S020736760021862-7
Publication type Article
Status Published
Authors
Occupation: Associate Professor at the Department of World Economy and World Finance
Affiliation: Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow
Affiliation: Independent Researcher
Address: Russian Federation
Journal nameObshchestvo i ekonomika
EditionIssue 9
Pages61-78
Abstract

The authors analyze the institutional and functional contradictions and imbalances of the modern global financial architecture (GFA) that exist at the national and international levels and are connected with the activities of various organizations (mainly financial and credit ones). The authors conclude that improving the efficiency of the GFA will largely depend on the combined efforts of national and supranational regulators aimed, if not at radically eliminating the various contradictions accumulated over many years, then at least at their maximum possible mitigation in order to ensure the stability of the global finance.

Keywordsglobal financial architecture, IMF, G20, Financial Stability Board, development banks, international rating agencies, international financial market
Publication date20.09.2022
Number of characters41993
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