Potential GDP growth and social well-being of BRICS countries through the prism of a new distributed ecosystem of payment and settlement solutions

DOI: 10.33917/es-5.197.2024.32-37

The purpose of this article is to find options for solving the problem of trust in various settlement and payment instruments within the emerging new multipolar world, as well as the problem of managing inflation and pricing processes for the purposes of progressive predictable economic development. In analyzing trends, theories and solutions, methods of description, abstraction, analysis and deduction were used.

An analysis of existing practices in terms of instruments applicable for settlements and payments in international trade is conducted. Aspects of their application for transactions and operations with investment capital, which are currently nominated and processed using centralized monetary instruments, are also touched upon. The result of the study is the proposed concept of the UNIT ecosystem, capable of solving the problems of trust and inflation and, as a consequence, the limitations of existing instruments for settlements, payments and operations with investment capital in international trade.

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7837 (S. 2639) in Three Volumes (1913), available at: https://fraser.stlouisfed.org/files/docs/historical/congressional/1913sen_bankcurr_v1.pdf

Digital Technologies Beyond Hype: The Global Landscape

DOI: https://doi.org/10.33917/es-6.186.2022.104-110

The paper discusses three key issues that play a special role in the development of strategies and policies for digital technologies: 1) particularities of digital technologies that greatly influence the principles and methodological approaches to the development of strategic documents, 2) drivers, main players and trends of global market, 3) trends in the accumulation of a technological knowledge base to provide competitive advantages to national companies in the short and medium term.

References:

1. Gaponenko N.V., Glenn J.C. Technology Industry 4.0: Problems of Labor, Employment and Unemployment. Studies on Russian Economic Development, 2020, vol. 31, no 3, pp. 271–276.

2. Gaponenko N.V. Teoreticheskie i metodologicheskie osnovy issledovaniya innovatsionnykh sistem i formirovaniya tekhnologicheskikh prioritetov ikh razvitiya v ekonomike, osnovannoi na znaniyakh [Theoretical and Methodological Foundations for Studying Innovative Systems and Forming Technological Priorities of their Development in the Knowledge-Based Economy]. Moscow, IPRAN RAN, 2020, 151 p.

3. Gaponenko N.V. Zakonomernosti i osobennosti evolyutsii sektoral’nykh innovatsionnykh sistem v ramkakh dolgosrochnogo tsikla [Regularities and Evolution Features of Sectoral Innovation Systems within the Long-Term Cycle]. Systems and Management, 2020, no 1, pp. 44–67.

4. Gaponenko N.V. Sektoral’nye innovatsionnye sistemy v ekonomike, osnovannoi na znaniyakh [Sectoral Innovation Systems in the Knowledge-Based Economy]. Moscow, IPRAN RAN, 2021, 264 p.

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Formation of a digital increase model within the EAEU transparency and success of ensuring control over the movement of assets between participants in commodity, financial and property transactions

DOI: 10.33917/mic-2.91.2020.5-12

The article discusses the problems of creating a digital model for increasing transparency and the success of ensuring control over the movement of assets between participants in commodity, financial and property transactions within the framework of the EAEU financial system. It is proposed to increase the observability of any segments of the financial system, which can be digitally structured by electronic digital identification of each currency in the monitoring spaces of digital financial assets. The results of the analysis can be used to optimize the operational dynamics of electronic transactions of explicit alliances and informal cartels of financial agents in the observed space of digital formats of financial communications, taking into account the movement of funds in various forms and denominated in different currencies.

Cryptocurrency Management Model for Forming the EAEU Unified Electronic Currency

#6. For the High Norm
Cryptocurrency Management Model for Forming the EAEU Unified Electronic Currency

The article discusses the possibility of forming (based on cryptocurrency principles) a single electronic currency of the EAEU. On the basis of a cryptocurrency approach — e-currency emission — it becomes possible to solve the problems of increasing investments, including to overcome the limited capabilities of national financial institutions in their competition with financial and banking groups — non-residents of the EAEU member states. A cryptocurrency management model allows to solve the problem of rearranging volumes, structure and conditions of emission and turnover of digital financial assets within the EAEU as a kind of bundled package of various types of investment resources based on an integrated cryptocurrency control, mining and ICO (Initial Coin Offering) in conjunction with economic activity and exchange rates of the EAEU Member States. The unified financial system of the EAEU in terms of financial resources amount will be able to withstand the risks of currency and financial collapses due to manipulative games and currency attacks by international speculative groups.

Crypto Currencies of Central Banks: Current State and Prospects

#4. Until the Thunder Breaks Out
Crypto Currencies of Central Banks: Current State and Prospects

Meeting of the Bogomolov discussion club chaired by A.G. Aganbegyan, held on February 21, 2018 at the RAS Institute for Economic Strategies, was dedicated to analysis of the current state of the crypto-currencies of central banks and the prospects for financial technologies.

Crypto-Currencies, Markets and Institutions

#1. Event Horison
Crypto-Currencies, Markets and Institutions

Crypto-currency is becoming one of the key factors for competitiveness of major players in national and global monetary and financial markets. Bitcoin has actually become one of the world’s currencies. State regulators’ conceptions about decentralization and autonomy of crypto-currencies create ever greater risks of currency-financial collapses owing to manipulative games and currency attacks of international speculative groups. Real beneficiaries of the crypto-currency volatility, as a rule, remain beyond visibility of the world community. Trends in the development of crypto-currencies as an increasingly important element of the world monetary and financial markets have determined for our country the need to form a mechanism for planning and coordinating the monetary and monetary policy of the EAEU member states with an agreed rate of a single electronic currency, circulation terms and conditions (zones, etc.) applying the principles of forming a transparent and unified organizational structure of financial institutions and markets within the framework of the EAEU.