Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


fiduciary currencies

Evolution and development trends of the world monetary and fi nancial system

Introduction. Structural changes in the world economy and trade and its financialization contributed to the growth of instability and necessitated the building a new structure for the world monetary and financial system. Theoretical analysis. The evolution of the global monetary and financial system, when the function of world money shifted from gold to fiduciaries and SDR, resulted in the formation of a two-level structure.

Evolution and development trends of the world monetary and fi nancial system

Introduction. Structural changes in the world economy and trade and its financialization contributed to the growth of instability and necessitated the building a new structure for the world monetary and financial system. Theoretical analysis. The evolution of the global monetary and financial system, when the function of world money shifted from gold to fiduciaries and SDR, resulted in the formation of a two-level structure.