FINANCIAL CRISIS: ILLUSION OF SUPPRESSION

It has been shown, that the financial crises in the last twenty years intensified attempts to rethink the dominant neo-liberal concepts of globalization of monetary and credit relations. Achievements of financial technology allowed to overcome some arising problems and generated hopes for a possibil...

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Bibliographic Details
Main Authors: Yu. S. Begma, E. V. Zenkina
Format: article
Language:RU
Published: Publishing House of the State University of Management 2019
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Online Access:https://doaj.org/article/c55d8fba30aa43fc849759b00cb43cf6
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Summary:It has been shown, that the financial crises in the last twenty years intensified attempts to rethink the dominant neo-liberal concepts of globalization of monetary and credit relations. Achievements of financial technology allowed to overcome some arising problems and generated hopes for a possibility of preservation of a former paradigm of market capitalism and regularities of globalization of world economy. However, a more detailed consideration of new developments in the field of international monetary and financial relations leads to the conclusion, that such hopes are illusory.