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

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

Marina Balyuk

Affiliation: Independent Researcher
Address: Russian Federation

Journal name

Obshchestvo i ekonomika

Edition

Issue 9

Pages

61-78

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.

Keywords

global financial architecture, IMF, G20, Financial Stability Board, development banks, international rating agencies, international financial market

Publication date

20.09.2022

Number of characters

41993

Cite

GOST	Balyuk I., Balyuk M. Institutional and functional contradictions of the present-day global financial architecture // Obshchestvo i ekonomika – 2022. – Issue 9 C. 61-78 [Electronic resource]. URL: https://oie.jes.su/S020736760021862-7-1 (circulation date: 25.01.2025). DOI: 10.31857/S020736760021862-7
MLA	Balyuk, Igor, Balyuk, Marina "Institutional and functional contradictions of the present-day global financial architecture." Obshchestvo i ekonomika 9 (2022):61-78. DOI: 10.31857/S020736760021862-7
APA	Balyuk I., Balyuk M. (2022). Institutional and functional contradictions of the present-day global financial architecture. Obshchestvo i ekonomika (9), pp.61-78 DOI: 10.31857/S020736760021862-7

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