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  • ISSN (Print) 0205-9606
  • ISSN (Online) 2713-041X

Institutional Transformations of the Global Financial

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PII
S268667300021144-8-
DOI
10.31857/S2686673022110037
Publication type
Article
Status
Published
Authors
Аleksei Kuznetsov
  • Affiliation: Financial University under the Government of the Russian Federation
  • Address: Russian Federation, Moscow
Volume/ Edition
Volume / Issue 11
Pages
35-46
Abstract

The neoliberal configuration of the global financial architecture provokes financial crises, the growth of international debt and financial instability in developing countries. The conservative principles of providing international anticrisis liquidity by the IMF as a global regulator are less and less meeting the financial needs of developing countries, which, in the context of global interdependence, negatively affects the economies of developed countries. The purpose of the article is to analyze the features of institutional transformations of the global financial architecture in the context of uneven access of developed and developing countries to international liquidity. The current institutional transformations of the global financial architecture are accompanied by the formation of ever new international monetary and financial mechanisms with duplicating functions. At the same time, real reforms of the global financial architecture require developing countries to demonstrate a spirit of collective cohesion in classical and new international monetary and financial institutions in upholding the desire to stabilize the development of the world economy.

Keywords
global financial architecture, international capital flows, exchange rate regime, international debt management, IMF, institutional transformations, anti-crisis policy, developing countries
Date of publication
28.11.2022
Year of publication
2022
Number of purchasers
10
Views
456

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