The Financial Foundations of National and International Aspects of Governance in the Context of the Dysfunctionality of the Global Monetary and Financial System and the Growth of Hybrid Threats
Abstract
The relevance of the article is due to the aggravation of international relations, the regulation of which is impossible without overcoming the global financial crisis with financial policy instruments and mechanisms. The subject of the study is the financial aspects of national and international governance, leading to the dysfunctionality of the global monetary and financial system. The objectives of the work are to identify the components of the international monetary and financial system underlying the regulation of global finance, the mechanisms that generate crisis phenomena in the world, and to establish the role of individual components of the Main Directions of the unified state monetary policy of the Bank of Russia in terms of achieving economic growth. As a result of the study, the key components of the new monetary and financial system that determine the transformation of the global socio-economic paradigm are highlighted. The financial and legal mechanism underlying unipolar dominance is revealed, and ways of its transition to a multipolar world and a growth economy are proposed through financial and legal instruments based on the application of a dialectical approach, methods of comparison, grouping, statistical, graphical methods, as well as descriptive analysis. As a result of the study, it was concluded that the key to solving the problem of strengthening national sovereignty and partnerships between states on an equal and mutually beneficial basis lies in the field of financial policy and legal frameworks, as well as in the system of international monetary regulation.
About the Author
V. A. Chernov
Institute of Economics, National Research of Nizhny Novgorod State University named after N.I. Lobachevsky, Nizhny Novgorod, Russia
Russian Federation
Russian Federation
Vladimir A. Chernov — Dr. Sci. (Econ.), Prof. of Department of Accounting and Auditing, Prof. of the Department of Finance and Credit
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Review
For citations:
Chernov V.A. The Financial Foundations of National and International Aspects of Governance in the Context of the Dysfunctionality of the Global Monetary and Financial System and the Growth of Hybrid Threats. Economics, taxes & law. 2024;17(6):34-46. (In Russ.)
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