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Мировая валютная система: проблемы и пути реформирования // International monetary system: issues and areas of reforms

Author

Listed:
  • V. Kuznetsova V.
  • В. Кузнецова В.

    (Московский государственный университет им. М.В. Ломоносова)

Abstract

The article investigates issues of the modern international monetary system occurred due to dollar’s domination, and relevant forming risks for states members, and exams suggested measures for their elimination and solution. IMF inclusion of renminbi into the SDR currency basket is a step forward creation of the new multi reserve currency system. The IMF’s verdict is a compromise as such. On one side, its compelling reasons include the rising rations of the Chinese economy in world economy, and the Chinese currency in international settlements. On the other side, the Chinese currency is not free usable currency still, and its exchange rate is not governed by market. Whether update world monetary system would obtain additional stability or contrary increase risks depends on many factors including sovereign states’ ability to cooperative behavior. В статье рассматриваются проблемы современной мировой валютной системы, обусловленные доминированием доллара, и порождаемые этим риски для стран-участниц, а также предлагаемые меры по их ограничению или устранению. Включение МВФ китайской валюты жэньминьби в валютную корзину СДР (SDR, Special Drawing Rights, специальные права заимствования) стало шагом в сторону формирования новой системы с множеством резервных валют. Решение МВФ носит компромиссный характер. С одной стороны, его обоснованием стали рост доли китайской экономики в мировой экономике и доли китайской валюты во внешнеторговых расчетах. С другой стороны, сейчас китайская валюта не является валютой свободного использования, а ее курс во многом определяется нерыночными методами. Станет ли обновленная мировая валютная система более или, наоборот, менее устойчивой, зависит от множества факторов, включая способность суверенных государств к кооперативному поведению.

Suggested Citation

  • V. Kuznetsova V. & В. Кузнецова В., 2016. "Мировая валютная система: проблемы и пути реформирования // International monetary system: issues and areas of reforms," Мир новой экономики // The world of new economy, Финансовый университет при Правительстве Российской Федерации // Financial University under The Governtment оf The Russian Federation, issue 3, pages 38-47.
    • Handle: RePEc:scn:wnewec:y:2016:i:3:p:38-47
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    References listed on IDEAS

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    1. Mr. Arvind Virmani, 2011. "Global Economic Governance: IMF Quota Reform," IMF Working Papers 2011/208, International Monetary Fund.
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    3. Claudio Borio, 2014. "The international monetary and financial system: its Achilles heel and what to do about it," BIS Working Papers 456, Bank for International Settlements.
    4. Rakesh Mohan & Michael Debabrata Patra & Muneesh Kapur, 2013. "The International Monetary System: Where Are We and Where Do We Need to Go?," IMF Working Papers 2013/224, International Monetary Fund.
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