Transformation of Approaches to Building a System of Anti-Crisis Functioning of Main International Financial Institutions in the Context of New Geopolitical Challenges

Abstract

The article is devoted to   the evolution of the role of approaches to   the construction of “global safety nets”; the   elements of global safety nets (of national, regional, global level) are critically analyzed in terms of the possibility of their use   in the context of new geopolitical challenges. Based on the established criteria for assessing the effectiveness of elements of global   safety nets, it is concluded that the contour   coverage of anti-crisis mechanisms of certain groups of the countries is fragmented:   as opposed to the countries issuing reserve   currencies with virtually unlimited and relatively inexpensive access to network elements, the group of developing countries is   much less covered by anti-crisis regulation.   A hypothesis is being put forward about the   collapse of the unified architecture of global safety nets in the face of new geopolitical challenges, in particular, due to the erosion of the anti-crisis function of international reserves, IMF programs and swap agreements of central banks