Предмет. Роль международных финансовых организаций в координации денежно-кредитной политики центральных банков ведущих стран. Цели. Выявление ключевых проблем функционирования действующей мировой валютной системы. Методология. Применены общенаучные методы исследования. Результаты. Выявлены ключевые проблемы функционирования современной мировой валютной системы: наличие дисбалансов; нарастающая конкуренция ведущих валют; неустойчивость валютных курсов. Выводы. Необходимо усиление роли международных финансовых организаций в координации денежно-кредитной политики центральных банков ведущих стран, увеличение резервных фондов, расширение операций валютного свопа на международном уровне.
Ключевые слова: мировая валютная система; дисбалансы; многовалютность; волатильность валютных курсов; международные финансовые организации
Список литературы:
Afonso A., Rault C. Budgetary and External Imbalances Relationship: A Panel Data Diagnostic. European Central Bank Working Paper Series, 2008, no. 961. URL: Link
Arghyrou M.G., Chortareas G. Current Account Imbalances and Real Exchange Rates in the Euro Area. Cardiff Economics Working Papers, 2006, no. 23. URL: Link
Romelli D., Terra C., Vasconcelos E.X. Current Account and Real Exchange Rate Changes: The Impact of Trade Openness. Banco Central do Brasil Working Paper Series, 2016, no. 437. URL: Link
Chinn M.D., Prasad E.S. Medium-term Determinants of Current Accounts in Industrial and Developing Countries: an Empirical Exploration. Journal of International Economics, 2003, no. 59, pp. 47–76. URL: Link
Gruber J.W., Kamin S.B. Explaining the Global Pattern of Current Account Imbalances. FRB International Finance Discussion Paper, 2005, no. 846. URL: Link
Abbas S.M.A., Bouhga-Hagbe J., Fatas A. et al. Fiscal Policy and the Current Account. IMF Economic Review, 2011, vol. 59, iss. 4, pp. 603–629. URL: Link
Bluedorn J., Leigh D. Revisiting the Twin Deficits Hypothesis: The Effect of Fiscal Consolidation on the Current Account. IMF Economic Review, 2011, vol. 59, iss. 4, pp. 582–602. URL: Link
Gruber J., Kamin S. Do Differences in Financial Development Explain the Global Pattern of Current Account Imbalances? Review of International Economics, 2009, vol. 17, iss. 4, pp. 667–688. URL: Link
Frankel J.A., Cavallo E.A. Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality. Journal of International Money and Finance, 2008, vol. 27, iss. 8, pp. 1430–1452. URL: Link
Gosse J.-B., Serranito F. Long-run Determinants of Current Accounts in OECD Countries: Lessons for Intra-European Imbalances. Economic Modelling, 2014, vol. 38, pp. 451–462. URL: Link
Sadiku L., Fetahi-Vehapi M., Sadiku M., Berisha N. The Persistence and Determinants of Current Account Deficit of FYROM: An Empirical Analysiss. Procedia Economics and Finance, 2015, vol. 33, pp. 90–102. URL: Link01696-2
Belke A., Dreger C. Current Account Imbalances in the Euro Area: Does Catching up Explain the Development? Review of International Economics,2013, vol. 21, iss. 1, pp. 6–17. URL: Link
Hoffmann M. What Drives China's Current Account? Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper, 2010, no. WP 11/2010. URL: Link
Berger H., Nitsch V. The Euro's Effect on Trade Imbalances. IMF Working Paper, 2010, no. WP/10/226. URL: Link
Herrmann S., Jochem A. Determinants of Current Account Developments in the Central and East European EU Member States – Consequences for the Enlargement of the Euro Area. Bundesbank Series 1 Discussion Paper, 2005, no. 32. URL: Link
Batdelger T., Kandil M. Determinants of the Current Account Balance in the United States. Applied Economics, 2012, vol. 44, iss. 5, pp. 653–669. URL: Link
Silva C.A., Ordeñana X., Vera-Gilces P., Jimenez A. Global Imbalances: The Role of Institutions, Financial Development and FDI in the Context of Financial Crises. Sustainability, 2021, vol. 13, iss. 1. URL: Link
Chinn M.D., Ito H. Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut". Journal of International Money and Finance, 2007, vol. 26, iss. 4, pp. 546–569. URL: Link
