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Инструменты реформы мировой валютной системы: интернационализация валют стран БРИКС // The Instruments to Reform the World System of Currencies: Internationalising the Currencies of the BRICS

Author

Listed:
  • M. Zharikov

    (Financial University)

  • М. Жариков

    (Финансовый университет)

Abstract

The general outcomes of this article come from a hypothesis that expanding the BRICS currencies in the contemporary World System of Currencies (WSC) is going to be a major driver of reinforcing financial stability and transforming the WSC by means of the internationalisation process as a result of direct international settlements as well as through purchasing them using currency vehicles at the national foreign exchange markets. As a result there emerges a need to analyse the BRICS currencies’ circulation abroad, identifying the stages and directions of their internationalisation, considering the role they may play in the future development of the economies and near-by regions, their cooperation in mutual trade, investment flows, technology exchange, research and development, energy, financial stability and economic security. The article is especially time-relevant since the yuan is becoming a world reserve currency that may change the structure and the mechanism of the WSC. Основные положения этой статьи исходят из гипотезы о том, что расширение использования валют стран БРИКС в современной мировой валютной системе (МВС) становится важнейшей движущей силой укрепления финансовой стабильности и трансформации МВС посредством процесса интернационализации, как результат организации прямых расчетов, а также с помощью их купли-продажи на базе валютных инструментов, обращающихся на валютных рынках. Вследствие этого возникает необходимость анализа обращения валют стран БРИКС за рубежом, выявления этапов и направлений их интернационализации с учетом роли, которую они могут играть в будущем развитии национальных экономик и приграничных территорий, сотрудничества во взаимной торговле, инвестиционных потоках, обмене технологиями, научных разработках, в сфере энергетики, финансовой стабильности и экономической безопасности. Проблематика статьи особенно актуальна в связи со становлением юаня как мировой резервной валюты, изменяющей структуру и функционирование МВС.

Suggested Citation

  • M. Zharikov & М. Жариков, 2018. "Инструменты реформы мировой валютной системы: интернационализация валют стран БРИКС // The Instruments to Reform the World System of Currencies: Internationalising the Currencies of the BRICS," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 6(3), pages 19-28.
    • Handle: RePEc:scn:00rbes:y:2018:i:3:p:19-28
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    References listed on IDEAS

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