Problems and Prospects of the Russian Financial Market in the Context of Structural Changes in the World Economy
https://doi.org/10.26794/2587-5671-2020-24-3-6-29
Abstract
The article is based on the author’s report “On the root causes of the growing chaos and measures to overcome the economic crisis”. The aim of the article is to analyze the problems of the modern financial market system in the world and in Russia and to give practical recommendations on how to overcome them. The framework of the study was the statistical data of foreign and Russian agencies and financial organizations. The article employed general scientific methods of cognition: analysis, synthesis, system approach, and comparison. As a result, the paper provides a complete picture of the systemic economic crisis unfolding against the backdrop of the coronavirus pandemic in the world and in Russia. The author indicates its causes and consequences. The work presents concrete recommendations to overcome the crisis. The author concludes that even in the worst-case scenarios of the global crisis, Russia will be able to improve its position in the world economy by pursuing policies to its own advantage.
Keywords
world economy,
recession,
pandemic,
financial markets,
economic crisis,
currency regulation,
financial system
JEL: E02, E42, E44, E58, F02, F30
Supporting agencies: The article was prepared as part of the fundamental research “Cyclical development of world economic structures” according to the state task carried out by the Financial University.
About the Author
S. Yu. Glaz’ev
University of Finance
Russian Federation
Russian Federation
Sergei Yu. Glaz’ev — Dr Sci. (Econ.), Professor, Academician of the Russian Academy of Sciences, Director of the Center for Research on Long-term Economic Development Laws
Moscow
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Review
For citations:
Glaz’ev S.Yu. Problems and Prospects of the Russian Financial Market in the Context of Structural Changes in the World Economy. Finance: Theory and Practice. 2020;24(3):6-29. https://doi.org/10.26794/2587-5671-2020-24-3-6-29
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