The world monetary system and the problems of the convertibility of the ruble

Shmelev N.P. The world monetary system and the problems of the convertibility of the ruble
Author: Shmelev N.P.
Year: 2006
Pages: 206
Cover: hard cover
ISBN: 5-7133-1276-3

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In the monograph "The world monetary system and the problem of convertibility of the ruble," prepared by the Center for monetary and financial problems of Institute of Europe, Russian Academy of Sciences, provides a detailed and systematic analysis of the conditions and requirements necessary for the successful integration of the Russian ruble in international traffic and gaining them the status of truly convertible currency. This analysis considers new phenomena and processes in the monetary sphere of the modern world in the era of globalization, the nature and extent of the giant international capital spillovers that create instability and imbalances in the world economy and lead to painful crises as its weakest link. The author of the monograph also illuminates the situation and prospects of individual world currencies, especially the dollar and the euro.