Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological Approach
Subject. The variety of international financial institutions (IFIs) that regulate international monetary, credit and financial relations (IMCFR) raises the question of assessing the effectiveness of their activities and the degree of influence on financial stability in the global financial market. O...
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2024-02-01
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| Series: | Мир новой экономики |
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| Online Access: | https://wne.fa.ru/jour/article/view/409 |
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| author | A. V. Navoy |
| author_facet | A. V. Navoy |
| author_sort | A. V. Navoy |
| collection | DOAJ |
| description | Subject. The variety of international financial institutions (IFIs) that regulate international monetary, credit and financial relations (IMCFR) raises the question of assessing the effectiveness of their activities and the degree of influence on financial stability in the global financial market. Objectives. Based on the categorization of MFIs and a systematic approach to assessing the degree of their mutual influence on the IMCFO system and the global economic system, develop criteria for assessing the effectiveness of MFIs in terms of achieving their statutory goals and ensuring financial stability. Methods. Dialectical methods, the method of system analysis, the method of analysis and synthesis, and the didactic method were used. Results. MFIs are divided into 3 groups according to the taxonomy of influence on ensuring financial stability; within the framework of a systems approach, direct and reverse channels of influence of MFIs of 3 groups on each other and on the IMCFO system and the world economy, the economy as a whole, are analyzed. The criteria for assessing the effectiveness of IFIs are substantiated, including: assessing the degree of influence of IFIs on the composition of economic relations in the IMF; the relationship between the international competence of the institution in regulating the International Monetary Fund and the availability of the necessary powers and financial resources to solve the assigned tasks; simplicity and ease of procedure for allocating the necessary resources to mitigate financial shocks in the IMF and solve short-term problems with the balance of payments. Conclusions. Based on reasonable efficiency criteria, the growing importance of type 2 and type 3 MFIs is recorded, with a certain degradation of “classical” type 1 MFIs and segmentation of regulatory contours to the level of regional associations and professional communities. |
| format | Article |
| id | doaj-art-7bc3f2e056ad46e0a064e210486e060b |
| institution | DOAJ |
| issn | 2220-6469 2220-7872 |
| language | Russian |
| publishDate | 2024-02-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Мир новой экономики |
| spelling | doaj-art-7bc3f2e056ad46e0a064e210486e060b2025-08-20T03:00:29ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722024-02-01174162910.26794/2220-6469-2023-17-4-16-29399Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological ApproachA. V. Navoy0Bank of Russia ; Financial UniversitySubject. The variety of international financial institutions (IFIs) that regulate international monetary, credit and financial relations (IMCFR) raises the question of assessing the effectiveness of their activities and the degree of influence on financial stability in the global financial market. Objectives. Based on the categorization of MFIs and a systematic approach to assessing the degree of their mutual influence on the IMCFO system and the global economic system, develop criteria for assessing the effectiveness of MFIs in terms of achieving their statutory goals and ensuring financial stability. Methods. Dialectical methods, the method of system analysis, the method of analysis and synthesis, and the didactic method were used. Results. MFIs are divided into 3 groups according to the taxonomy of influence on ensuring financial stability; within the framework of a systems approach, direct and reverse channels of influence of MFIs of 3 groups on each other and on the IMCFO system and the world economy, the economy as a whole, are analyzed. The criteria for assessing the effectiveness of IFIs are substantiated, including: assessing the degree of influence of IFIs on the composition of economic relations in the IMF; the relationship between the international competence of the institution in regulating the International Monetary Fund and the availability of the necessary powers and financial resources to solve the assigned tasks; simplicity and ease of procedure for allocating the necessary resources to mitigate financial shocks in the IMF and solve short-term problems with the balance of payments. Conclusions. Based on reasonable efficiency criteria, the growing importance of type 2 and type 3 MFIs is recorded, with a certain degradation of “classical” type 1 MFIs and segmentation of regulatory contours to the level of regional associations and professional communities.https://wne.fa.ru/jour/article/view/409international financial institutionsimfunregional financial mechanismsanti-crisis regulationcross-border capital movementinternational credit |
| spellingShingle | A. V. Navoy Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological Approach Мир новой экономики international financial institutions imf un regional financial mechanisms anti-crisis regulation cross-border capital movement international credit |
| title | Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological Approach |
| title_full | Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological Approach |
| title_fullStr | Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological Approach |
| title_full_unstemmed | Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological Approach |
| title_short | Towards the Efficiency of Modern International Financial Institutions: Systemic Methodological Approach |
| title_sort | towards the efficiency of modern international financial institutions systemic methodological approach |
| topic | international financial institutions imf un regional financial mechanisms anti-crisis regulation cross-border capital movement international credit |
| url | https://wne.fa.ru/jour/article/view/409 |
| work_keys_str_mv | AT avnavoy towardstheefficiencyofmoderninternationalfinancialinstitutionssystemicmethodologicalapproach |