A new model of the financial world is looming
https://doi.org/10.32609/0042-8736-2025-12-56-73
Abstract
The global monetary and financial system is undergoing transformation, and new technologies are playing a significant role in this process, contributing to the development of digital currencies. New opportunities offered by these currencies are becoming an important tool for countries to strengthen their positions in the world, as the old relationships are fragmenting and new centers of power are emerging. At the same time, the increased level of geopolitical instability in the world, the excess liquidity in the global economy, the overheated stock markets in the United States, and closer interconnections of financial markets of different countries underscore the need to create alternative points of support. In Russia, monetary and fiscal approaches which are not flexible enough limit the possibilities to fully use domestic mechanisms of development. However, there are untapped mechanisms that could improve the conditions for businesses and contribute to economic growth.
Keywords
JEL: E44, E52, E62, F33
About the Authors
M. V. ErshovRussian Federation
Mikhail V. Ershov
Moscow
A. S. Tanasova
Russian Federation
Anna S. Tanasova
Moscow
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Supplementary files
Review
For citations:
Ershov M.V., Tanasova A.S. A new model of the financial world is looming. Voprosy Ekonomiki. 2025;(12):56-73. https://doi.org/10.32609/0042-8736-2025-12-56-73
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