IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVES
A tendency to implement national currencies in foreign trade settlements on a wider scale reflects a multipolar essence of the modern world. It is quite logical and natural result of increasing risks lately connected with the key world currencies. Different countries are interested in reducing depen...
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2017-10-01
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| Series: | Финансы: теория и практика |
| Subjects: | |
| Online Access: | https://financetp.fa.ru/jour/article/view/488 |
| _version_ | 1797878809982140416 |
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| author | I. A. Balyuk |
| author_facet | I. A. Balyuk |
| author_sort | I. A. Balyuk |
| collection | DOAJ |
| description | A tendency to implement national currencies in foreign trade settlements on a wider scale reflects a multipolar essence of the modern world. It is quite logical and natural result of increasing risks lately connected with the key world currencies. Different countries are interested in reducing dependence on the international currency and financial markets when global geopolitical situation is getting worse.The article examines prerequisites and preconditions for expanding the scope of implementation of national currencies in foreign trade settlements between different countries. The analysis of practical experience of implementation of national currencies in foreign trade settlements has allowed to highlight the «bottlenecks» and problems hindering more active implementation of national currencies by the national participants of foreign economic relations. Current trends and perspectives of implementation of national currencies in foreign trade settlements are discussed in general terms by taking into consideration Russian rouble and Renminbi.The analysis substantiates the need to eliminate existing law, administrative, financial and economic barriers hampering the national participants of foreign economic relations to efficiently conduct business activities in the domestic financial markets, and to ensure favourable market conditions by the national financial institutions. |
| first_indexed | 2024-04-10T02:37:58Z |
| format | Article |
| id | doaj.art-8514e6dda1684c29b9d1f245ca2fc2ef |
| institution | Directory Open Access Journal |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| last_indexed | 2024-04-10T02:37:58Z |
| publishDate | 2017-10-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj.art-8514e6dda1684c29b9d1f245ca2fc2ef2023-03-13T07:49:27ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892017-10-0105127133524IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVESI. A. Balyuk0Финансовый университет, МоскваA tendency to implement national currencies in foreign trade settlements on a wider scale reflects a multipolar essence of the modern world. It is quite logical and natural result of increasing risks lately connected with the key world currencies. Different countries are interested in reducing dependence on the international currency and financial markets when global geopolitical situation is getting worse.The article examines prerequisites and preconditions for expanding the scope of implementation of national currencies in foreign trade settlements between different countries. The analysis of practical experience of implementation of national currencies in foreign trade settlements has allowed to highlight the «bottlenecks» and problems hindering more active implementation of national currencies by the national participants of foreign economic relations. Current trends and perspectives of implementation of national currencies in foreign trade settlements are discussed in general terms by taking into consideration Russian rouble and Renminbi.The analysis substantiates the need to eliminate existing law, administrative, financial and economic barriers hampering the national participants of foreign economic relations to efficiently conduct business activities in the domestic financial markets, and to ensure favourable market conditions by the national financial institutions.https://financetp.fa.ru/jour/article/view/488национальные валютывнешнеторговые расчетыцентральные банкивалютные свопыконвертируемость валютнациональные финансовые рынкирубльюань |
| spellingShingle | I. A. Balyuk IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVES Финансы: теория и практика национальные валюты внешнеторговые расчеты центральные банки валютные свопы конвертируемость валют национальные финансовые рынки рубль юань |
| title | IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVES |
| title_full | IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVES |
| title_fullStr | IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVES |
| title_full_unstemmed | IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVES |
| title_short | IMPLEMENTATION OF NATIONAL CURRENCIES IN FOREIGN TRADE SETTLEMENTS: PREREQUISITES, LIMITATIONS, PERSPECTIVES |
| title_sort | implementation of national currencies in foreign trade settlements prerequisites limitations perspectives |
| topic | национальные валюты внешнеторговые расчеты центральные банки валютные свопы конвертируемость валют национальные финансовые рынки рубль юань |
| url | https://financetp.fa.ru/jour/article/view/488 |
| work_keys_str_mv | AT iabalyuk implementationofnationalcurrenciesinforeigntradesettlementsprerequisiteslimitationsperspectives |