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Finance and Credit
 

Regionalization and de-dollarization as a new vector of development of the world monetary and financial system

Vol. 30, Iss. 3, MARCH 2024

Received: 20 November 2023

Received in revised form: 4 December 2023

Accepted: 18 December 2023

Available online: 28 March 2024

Subject Heading: WORLD MONETARY SYSTEM

JEL Classification: F15, F33, F65, G15

Pages: 662–683

https://doi.org/10.24891/fc.30.3.662

Inna V. LUKASHENKO Financial University under the Government of Russian Federation, Moscow, Russian Federation
IVLukashenko@fa.ru

https://orcid.org/0000-0002-7235-1139

Filipp I. BOROVITSKII Financial University under the Government of Russian Federation, Moscow, Russian Federation
bfi1508@gmail.com

https://orcid.org/0000-0002-3988-3213

Subject. This article examines the main trends in the development of the world monetary and financial system.
Objectives. The article aims to analyze the trends in the development of the world monetary and financial system, the main trends of which are regionalization and gradual de-dollarization.
Methods. For the study, we used the methods of statistical, logical, and comparative content analyses using tabular and graphical forms.
Results. Based on the results of the analysis, the article identifies the most probable reasons for the insufficient efficiency of globalization and determines the factors that necessitated the transformation of the existing world monetary and financial system.
Conclusions. The desire of countries that do not belong to the so-called Golden Billion to strengthen their national and regional monetary and financial systems, to partially abandon the US dollar as the main world currency, is due to the frequent financial crises and the urgent need to transform the existing financial and economic system, especially in its monetary aspect.

Keywords: regionalization, deglobalization, dedollarization, world currency

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