On February 26, 2020, Financial Research Institute of the Ministry of Finance of the Russian Federation (FRI) held a round table discussion on sanctions against Russia: risk structure and countermeasures
On February 26, 2020, Financial Research Institute of the Ministry of Finance of the Russian Federation (FRI) held ...
...
views on this topic in the form of online comments, and academic articles that provide a systematic analysis are few.
At present, most of the academic articles on SWIFT systems in China introduce the SWIFT system from a technical perspective of applied finance.
The Development and Application of the SWIFT in China [
3
] and An Analysis of the Characteristics of SWIFT Correspondence in Banks
[
4
] are among them. And fewer articles focus on the role of the SWIFT system in financial sanctions as a case ...
... economic and financial leader (China). Will Beijing manage to build its own system of global institutions, one that is capable of internationalizing the yuan and competing against the U.S. currency when it comes to servicing global flows of commodities and finance? In order to answer this question, we need to look at the trends of the global financial architecture as it stands today and identify the strengths and weaknesses of the U.S. and Chinese financial systems.
Igor Ivanov:
The Belt and Road Initiative: ...
... considering a new currency called R6 or
Robust, Resolve, Relay or Reform
?
Establishing a new currency purpose oriented for trade among these six economies is long overdue. The Sr. Management of NDB can easily expand the remit of the bank by entering trade finance and project finance between these six countries alone. The bank could ask its shareholders to deploy and commit some of their gold reserves (abundant resources and gold mines in Russia, Iran, and South Africa) to this new currency to accelerate ...
On June 24, 2019, delegation of Japan Bank for International Cooperation (JBIC) visited Russian International Affairs Council.
On June 24, 2019, delegation of Japan Bank for International Cooperation (JBIC) visited Russian International Affairs Council.
Japanese financiers discussed a wide range of issues related to the dynamics of global and regional stability, as well as political risks associated with a possible exacerbation of the situation in most dangerous regions of the world. Special attention...
On February 2, 2018, representatives of Scandinavian investment foundations, banks, and economic consulting companies (Skandia, DNB Markets, Alecta, SEK, Kammarkollegiet, AP3, Afa försäkringar) visited Russian International Affairs Council.
On February 2, 2018, representatives of Scandinavian investment foundations, banks, and economic consulting companies (Skandia, DNB Markets, Alecta, SEK, Kammarkollegiet, AP3, Afa försäkringar) visited Russian International Affairs Council.
The following issues...
... global financial system.
On September 26, 2017, New York (USA) hosted a seminar on the impact of sanctions upon the global financial system.
Leading representatives of the U.S. financial community attended the event: Adam Shubin, Deputy Minister of Finance of the USA at Obama’s office, Robert Mosbaher Jr., President at Overseas Private Investment Corporation, John Reynolds, partner at Davis Polk and Wardwell, Andrew Spindler, President at Financial Service Volunteer Corps.
Russian side was represented ...
... and yet they contain some vague language that can be interpreted in different ways.
Many actors, and many points of view
Kazushige Kobayashi, Manuel A.J. Teehankee:
The AIIB’s Launch Sets the Stage for Supply-
Side Competition in Development Finance
The scope of AIIB’s activities is somewhat restricted by the existence of large global and regional actors, such as the IMF, the Asian Development Bank, the World Bank, and the OECD. The United States and Japan have met the emergence of ...
... of transactions) in yuan will end up being profitable for importers.
Short-Term vs. Long-Term Interests
REUTERS/Aly Song
Kazushige Kobayashi, Manuel A.J. Teehankee:
The AIIB’s Launch Sets the Stage for Supply-
Side Competition in Development Finance
Despite the unprecedented devaluation, it is still too early to talk about a return to the policy of having an undervalued yuan. Representatives from the People’s Bank of China have talked about the prospects of the yuan’s appreciation ...
Islamic finance, an area of banking in the Middle East and Southeast Asia that offers Sharia-compliant products, is going through a major growth period right now. Islamic banking offers services and products that must comply with a set of rules where no interest ...