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Significance of International Reserves in the Global Anti-Crisis Financing System

Author

Listed:
  • L. V. Krylova

    (Financial University under the Government of the Russian Federation)

  • A. F. Mudretsov

    (Institute of Market Problems, Russian Academy of Sciences)

  • A. A. Prudnikova

    (Financial University under the Government of the Russian Federation)

Abstract

The article analyzes parameters characterizing anticrisis financing of the global financial safety net (GFSN) with an emphasis on international reserves. A new approach was used, in which the analysis was carried out through the prism of the global currency liquidity concept. The article shows the role of international currency reserves as a key element providing interconnection, on the one hand, of official and private components of global liquidity, and, on the other hand, of national and international currency systems. Facilitating the redistribution of global currency liquidity, reserves are at the same time free from the disadvantages inherent in other components of the global financial safety net.

Suggested Citation

  • L. V. Krylova & A. F. Mudretsov & A. A. Prudnikova, 2024. "Significance of International Reserves in the Global Anti-Crisis Financing System," Studies on Russian Economic Development, Springer, vol. 35(3), pages 423-429, June.
    • Handle: RePEc:spr:sorede:v:35:y:2024:i:3:d:10.1134_s1075700724030080
    DOI: 10.1134/S1075700724030080
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