Moscow 119017 Russia
17/1 Malaya Ordynka Str.
Tel: +7 (495) 771-32-52
The World Economy and International Affairs faculty is a research and education centre focusing on the global economy, international relations, and oriental studies. Taking an interdisciplinary approach to the subjects allows the Faculty to reflect their real-life interdependence. Economists receive basic understanding of international relations, culture, and people's value systems. International Relations specialists benefit from an introduction to economics and applied mathematics. Both groups graduate from the BA course with a good grasp of two foreign languages. Asian Studies students not only study the languages and cultures of Asia, but also the economics, politics and entrepreneurial culture of the region.
Piscataway: Gorgias Press, 2019.
Volkova I., Burda Y., Gavrikova E.
In bk.: Engineering assets and Public infrastructures in the Age of Digitalization. Springer, 2019.
India Quarterly. 2019. Vol. Vol. 75. No. Issue 1. P. 15-28.
Karaganov S. A., Suslov D.
Horizons. 2019. No. 13. P. 72-93.
Wednesday December 11, 18:00 at Malaya Ordynka 17, Room 106
The main research goal of this paper is to empirically assess the state of U.S. currency power relative to its main rivals in the period between 2005 and 2017. The most novel aspect of our inquiry is the design of three new composite indices called: Monetary Capability Index (MCI), Quality of Governance Index (QGI) and Currency Internationalization Index (CII). We argue that those indices are indispensable in an attempt to empirically measure the concept of currency power, both its underlying material and non-material resources, as well as the degree of their effective exploitation. Based on the conducted analysis it is visible that material resources are necessary but not sufficient condition to wield and exert currency power which we proxy by currency internationalization. On the other hand, quality of governance remains indispensable to this effort. Our measurement shows that U.S currency power remains unshattered by GFC and U.S. dollar is still placed firmly at the top of international monetary and credit hierarchy. In spite of dangers emanating from Trump’s erratic policy, U.S. rivals either face weakening of their currency power in terms of their monetary capability or still lag far behind the U.S. in terms of their quality of governance.