Transformation of Money and Financial Instruments of the Market in Conditions of Regionalization of the World Economy

IF 1.6 3区工程技术 Q3 OPERATIONS RESEARCH & MANAGEMENT SCIENCE

Networks & Spatial Economics Pub Date : 2023-01-01 DOI:10.14530/se.2023.1.168-186

A. Novoselov, Alexander Faleev

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Abstract

The problems of transforming the elements of the global monetary and financial system in the direction of regionalization are discussed. The issues of prospects for de-dollarization and possible scenarios for switching to alternative means of payment in regional trade are discussed, five main scenarios for the development of the de-dollarization course are identified. The vulnerabilities of the Jamaican system in the context of global risks are identified. The analysis of the actual conditions for the formation of exchange rates is carried out. The main factors of the US dollar exchange rate formation are considered. A comparative analysis of the euro as a tool for replacing the world reserve currency is carried out, the weak position of the euro as a promising ‘donor’ of the US dollar has been revealed. The main threats to the economies of developing countries with weak national monetary institutions are formulated. An assessment of the structure of the distribution of investment gold among the national banks of the largest holders of reserves in precious metals is given, the dynamics of gold production and the dynamics of increment of reserves by national banks of the largest countries are considered, the prospects of gold mining and its distribution in the system of international finance are assessed. The applicability of futures of the main commodity markets as investment reserves is considered, the volatility of oil futures in terms of gold has been assessed. The prospects of the cryptocurrency market instruments as instruments for replacing the world reserve currency are assessed, the strengths and weaknesses of the processes of formation of crypto-tools markets are revealed

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世界经济区域化条件下市场货币金融工具的转型

讨论了向区域化方向转变全球货币和金融体系要素的问题。讨论了去美元化的前景问题和在区域贸易中转向其他支付手段的可能情况，并确定了发展去美元化进程的五个主要情况。确定了牙买加制度在全球风险背景下的脆弱性。对汇率形成的实际条件进行了分析。考虑了美元汇率形成的主要因素。对欧元作为替代世界储备货币的工具进行了比较分析，揭示了欧元作为美元有希望的“捐助者”的弱势地位。阐述了国家货币机构薄弱的发展中国家经济面临的主要威胁。对贵金属储备最大持有者的国家银行之间投资黄金的分布结构进行了评估，考虑了黄金生产的动态和最大国家的国家银行储备增量的动态，评估了黄金开采的前景及其在国际金融体系中的分布。考虑了主要商品市场期货作为投资储备的适用性，评估了石油期货相对于黄金的波动性。评估了加密货币市场工具作为取代世界储备货币的工具的前景，揭示了加密工具市场形成过程的优势和劣势

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来源期刊

Networks & Spatial Economics 社会科学-运筹学与管理科学

CiteScore

4.00

自引率

4.20%

发文量

审稿时长

>12 weeks

期刊介绍： Networks and Spatial Economics (NETS) is devoted to the mathematical and numerical study of economic activities facilitated by human infrastructure, broadly defined to include technologies pertinent to information, telecommunications, the Internet, transportation, energy storage and transmission, and water resources. Because the spatial organization of infrastructure most generally takes the form of networks, the journal encourages submissions that employ a network perspective. However, non-network continuum models are also recognized as an important tradition that has provided great insight into spatial economic phenomena; consequently, the journal welcomes with equal enthusiasm submissions based on continuum models. The journal welcomes the full spectrum of high quality work in networks and spatial economics including theoretical studies, case studies and algorithmic investigations, as well as manuscripts that combine these aspects. Although not devoted exclusively to theoretical studies, the journal is "theory-friendly". That is, well thought out theoretical analyses of important network and spatial economic problems will be considered without bias even if they do not include case studies or numerical examples.