Assessment of the place of the russian Federation in the global financial market

Данилов, Ю. А.

doi:10.32609/0042-8736-2016-11-100-116

Vopr. èkon.

2016

DOI: 10.32609/0042-8736-2016-11-100-116

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Assessment of the place of the russian Federation in the global financial market

Ю. А. Данилов

Abstract: The article presents the results of the study that assesses the place of Russia in the global financial market. The current ratings of the global competitiveness of national financial markets and financial centers are based on objective and subjective assessment of the competitive factors. Our approach is based on objective indicators, characterizing the results of the competition, including the proportion of countries in the global financial market, P/E, and others. The article presents the results of calcula… Show more

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Cited by 5 publications

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Strategizing Financial Security: Opportunities and Threats

Kopein

2022

Strategizing: Theory and Practice

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Introduction. Stability of financial systems has become the most important issue of economic strategizing as a result of geopolitics, global economic crisis, and pandemics, which affect regions and the state as a whole. Financial security is now the current strategic priority of socio-economic development. Study objects and methods. The present research featured Kuzbass as an example of industrial region and its financial security as a strategic characteristic of the financial system. The study of financial security relied on a systematic approach based on the dialectical perception of reality. The empirical research relied on statistical methods, analysis of existing knowledge systems, economic monitoring, etc. The resulting abstract system and theoretical generalizations made it possible to define the strategic priorities of the regional development. In economics, the consistency principle takes into account the territorial features of socio-economic systems; the specifics of natural, economic, technical, and other factors; the degree of its political, administrative, and economic independence; its interaction with other regions, etc. Results and discussion. The phenomenon of financial security of the region is considered as an element of strategic management of socio-economic development. The author determined and classified the essential characteristics of financial security to make up a scheme of formation and development of financial risk as an element of the system of strategic priorities. Within this scheme, inflation and unemployment are additional aggregate criteria for assessing the level of financial security. Conclusion. New systemic threats in the field of finance require new ways to optimize financial relations and develop a theoretical and methodological foundation for qualitative and quantitative assessments of financial security. Numerous studies focus on various aspects of financial security in order to explain the interrelations of the financial bloc with economic elements in the regions, in Russia, and abroad. These relationships define the methodology for assessing the level of financial security and its subsequent consideration in strategizing. The present research compared a set of criteria with their threshold levels. However, these estimates may grow less reliable following the changes in the significance and priority of the corresponding criteria in the unstable economic and political reality. The new conditions require mobility and flexibility in adapting these criteria to the conditions of a particular region. This strategic project can be designed and implemented based on Professor V.L. Kvint’s concept of strategizing.

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Strategizing Financial Security: Opportunities and Threats

Kopein

2022

Strategizing: Theory and Practice

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Russia and Financial World: on the Threshold of System Transformations

Kuznetsov

2020

Probl. postsov. prostran.

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The modern global financial system is based on unlimited dollar issuance, which is backed by a key reserve asset – US debt obligations. The concept of official foreign exchange reserves promoted by the IMF puts in a privileged position the countries with reserve currencies, primarily the United State. This concept has exhausted the possibilities for productive investment of the savings of the rest of the world. As a result, the savings of the periphery of the global economy are directed to the consumption and speculative spheres. Global financial crises has proved – despite speculative activities banks have priority support from key central banks. Developing countries objectively claim a parity distribution of the benefits and costs of financial globalization, as they play an increasingly important role in global value chains. As a donor of the global financial system, Russia is practically not involved in the distribution of profits in the global financial market. As the largest supplier of raw materials, intellectual and financial resources, Russia requires new solutions in the field of international monetary circulation.

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Urgency of financial markets’ and non-banking financial sector reform

2017

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Russian economy slowdown is exhibited by the investment crisis; its termination is a key factor in the resumption of sustainable growth. As the deficit of durable investment resources is acutely felt today, the article demonstrates that the development of the domestic non-banking financial sector can serve as an efficient mechanism for the long-term investment capital formation. The current state of Russian non-banking financial sector is characterized by numerous structural problems so that a special program of measures, both inside the sector and beyond its limits, is required to address these problems and pull the sector out of stagnation. Systemic implementation of this program will lead to important changes at the macro level, including the increase in the capital investment, especially long-term; the expansion of opportunities for structural reforms; the increase and diversification of household incomes and the acceleration of economic growth.

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Assessment of the place of the russian Federation in the global financial market

Cited by 5 publications

References 3 publications

Strategizing Financial Security: Opportunities and Threats

Strategizing Financial Security: Opportunities and Threats

Russia and Financial World: on the Threshold of System Transformations

Urgency of financial markets’ and non-banking financial sector reform

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