On Some Obvious and Non-obvious Risks of the Modern Financial System

DOI: 10.33917/es-4.196.2024.18-25

Despite improving economic indicators and revisions towards better forecasts for 2024, systemic threats and risks, which are not always obvious, remain in the global economy. In the article, the author draws attention to a number of new problems and circumstances that are changing financial landscape in the world. In particular, attention is paid to expanding approaches of central banks in new conditions, risks arising from the technological advancement of commercial banks, which requires more careful control to prevent a destabilizing effect on the financial sector as a whole, etc.

References:

1. BIS. Annual Economic Report. Basel, June, 2023, available at: https://www.bis.org/publ/arpdf/ar2023e.htm

2. UN. World Economic Situation and Prospects. May 2024, available at: https://www.un.org/development/desa/dpad/publication/world-economic-situationand-prospects-as-of-mid-2024/

3. Bank JP Morgan otkroet bolee 500 novykh otdeleniy v blizhayshie tri goda [JP Morgan will Open More than 500 New Branches in the Next Three Years]. Kommersant. 2024. 6 fevralya. URL: https://www.kommersant.ru/doc/6494367

4. China’s central bank hints it may add treasury bond trades to policy toolkit. Reuters. April 23, 2024, available at: https://www.reuters.com/world/china/ chinas-central-bank-hints-it-may-add-treasury-bond-trades-policy-toolkit-2024-04-23/

5. UN. World Economic Situation and Prospects. January 2024. UN, available at: https://www.un.org/development/desa/dpad/publication/world-economicsituation-and-prospects-2024/

6. Roskongress. Zamorozka aktivov. Traditsii i novye printsipy raboty Zapada s aktivami tret’ikh stran [Росконгресс. Roscongress. Freeze of Assets. Traditions and New Principles of Western Work with Assets of Third Countries]. Roskongress, 2023, Dekabr’ available at: https://roscongress.org/materials/ zamorozka-aktivov-samoupravstvo-ili-zakonnyy-shag/

The external debt of the USA and some aspects of petrodollar policy

The article considers the process of the continuing increase in the US public debt as a factor of negative impact on the financial policy of developed and developing countries, including Russia. The main conditions of devaluating the American currency are defined at a modern stage.

When the Possibility of Joint Action Come True

DOI: 10.33917/es-1.167.2020.92-99

The issues of simplifying settlement operations have been and are still facing the participants of both domestic national and international markets. With a certain approach to their use, money can become a special commodity or may take the form of algorithms that apply cloud technologies, the level of volatility of which does not always meet the expectations. The present article outlines views on the possibility of resolving these issues through creating within the economic integration association of a common accounting unit in a digital format that is linked to one of the most liquid types of energy