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Stability of the global financial system as a factor in the post-crisis recovery of the world economy
- Authors: Smirnov E.N.1
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Affiliations:
- State University of Management
- Issue: Vol 31, No 2 (2023): CHALLENGES FOR SUSTAINABLE DEVELOPMENT: GLOBAL PARTNERSHIP IN A NEW ENVIRONMENT
- Pages: 282-298
- Section: Monetary and financial questions
- URL: https://journals.rudn.ru/economics/article/view/35281
- DOI: https://doi.org/10.22363/2313-2329-2023-31-2-282-298
- EDN: https://elibrary.ru/AAOHVL
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Abstract
The purpose of the study was to assess the adaptability of the global financial system to the crisis phenomena observed in recent years in the world economy. In particular, the key financial risks of the development of the global economy and the opportunities for their neutralization were identified, the role and possibilities of monetary policy in overcoming the current unprecedented inflation were shown, and the possibilities of transition to sustainable growth based on curbing inflation on short-, mediumand long-term trends were identified. development of the world economy. A special role in our study was played by the substantiation and development of mechanisms for the rational management of public debt, which plays a fundamental role for a fair recovery of the world economy.
About the authors
Evgeny N. Smirnov
State University of Management
Author for correspondence.
Email: smirnov_en@mail.ru
ORCID iD: 0000-0002-9325-7504
Doctor of Economics, Professor, Acting Head of the Department of World Economy and International Economic Relations
99 Ryazansky prospect, Moscow, 109542, Russian FederationReferences
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