GLOBAL FINANCE AS A COMMONS – GUARANTOR OR THREAT TO STABILITY?

GLOBAL FINANCE AS A COMMONS – GUARANTOR OR THREAT TO STABILITY?

19 June, 09:45–11:00

Over the past half-century, policymakers have successfully created an international system of trade and finance that has spurred globalization and brought greater prosperity to large proportions of the world’s population. But if this same system is used as a principal weapon in political disputes, e.g. barring a country from the use of SWIFT, do we risk a fragmentation of global finance and a lessening of globalization’s benefits? How might these policies motivate the diversification of reserve currencies?










Broadcast

Key moments

The current financial system is not being used for its intended purpose but as a way of achieving geopolitical goals and asserting political pressure.
Andrey Kostin
We are very much for developing rouble-based payments and believe that Russia has already done a lot for the rouble’s convertibility.
Andrey Kostin
The biggest issue now is how to use the rouble in international payments.
Alexey Moiseev