Michael Vyacheslavovich Zharikov

Michael Vyacheslavovich Zharikov
Financial University · Department of International Relations

About

48
Publications
4,768
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26
Citations

Publications

Publications (48)
Article
Full-text available
The article is time relevant, since a number of countries, such as China and Russia, started pilot testing their digital currencies in 2020, due to the necessity of contactless means of payment during the coronavirus pandemic. The purpose of this research is to revisit the phenomenon of the virtual money. What is new here is that this is one of the...
Article
The purpose of writing this paper is to show the changes that happened over the past two decades in the role of the BRICS economies in the world financial system and the world economy in general. Methods. Using comparative analysis techniques, the author shows the positions of the major centers of the global economy in terms of both their GDP numbe...
Book
The monograph was prepared by a team of authors of the Financial University under the Government of the Russian Federation based on the results of research carried out at the expense of budgetary funds under the state assignment of the Financial University. The directions, forms and prospects of creating a multi-currency standard in the process of...
Article
The article deals with gaining some ideas and skills that an investor might use to choose the best opportunities in the market from among the thousands of options concentrated in the transport industry. The authors are also trying to build up a standard set of tools that make up the core of every stock analyst’s tool box. From the practical perspec...
Article
Full-text available
The purpose of the research is to offer a comparative analysis of a libertarian and gradual approach to introducing a market interest rate. The topic is time-relevant since the economies of the emerging markets today face difficult challenges posed by economic, financial and health-care crises, impending price stability, future growth and money mar...
Article
The issue is relevant due to the ongoing implementation of economic and financial sanctions against Russia. The research is based on the hypothesis that targeted financial support of the SMEs as grants under the programs aimed at stimulating production of goods destined abroad leads to increasing exports of high-tech products of a particular catego...
Article
The topic is of current interest due to more economic and financial sanctions against Russia. The research takes its root in a standpoint that multilateral financial and economic institutions established on the basis of the BRICS’ agreements may become alternative sources of capital and finance in case of a full blockade of Russia as part of the wo...
Article
The topic is time-relevant, since today there is a strong need to find indicators showing a development path for countries after the pandemics of 2020 in specific regions of the world. This paper makes an attempt to create an indicator that is different and more representative of the BRICS than the indexes already in existence. The BRICS index offe...
Article
Financial globalisation is a general trend of contemporary world economic development that multinational corporations largely drive. Many of them come from English-speaking countries. Many of them are of the U.S. origin, which is why globalisation is often misunderstood and misinterpreted as Americanisation. English is the leading language of globa...
Article
The growing interest in this topic is partly a result of the increasing attention that countries are turning to sovereign monetary systems, payment systems and e-settlements due to international sanctions towards Russia and some Asian countries as well as the necessity to overcome the negative impacts of the COVID-19 crisis. The research focuses on...
Article
The article analyses the periods of socio-economic and socio-cultural cycles. it reveals the factors of interrelating conditions of an economy and a nation’s health. it reconsiders the issues of organizing international assistance programs in various countries. it introduces proposals as to the directions of international aid programs in poor count...
Article
This article touches on several polarising subjects in the world environmental crisis. The author attempts to classify the main ideas that can have the same venomous level of disagreements, such as the issue of climate change or global warming. The argument is supported by a healthy majority of people who work in the field with a vocal minority of...
Article
This article is devoted to a central bank’s response to a financial crisis based on a case study of the US Federal Reserve’s handling of the financial crisis in 2008–2010. This article will also be focusing on the intense phase of the financial crisis. It is focusing primarily on the lender of last resort function of a central bank. The article con...
Article
Full-text available
The author introduces an approach for a consensual economic policy for a group of rapidly developing countries as a response to contemporary global economic challenges. This article reconsiders the problems of international economic integration in the period of deglobalization. The author puts forward the hypothetical model of a debt market of BRIC...
Article
Full-text available
The article deals with gaining some ideas and skills that an investor might use to choose the best opportunities in the market from among the thousands of options concentrated in the transport industry. The authors are also trying to build up a standard set of tools that make up the core of every stock analyst’s tool box. From the practical perspec...
Conference Paper
The purpose is to offer an approach to introducing a market interest rate to circulate a digital currency in the BRICS. The topic is time-relevant, since economics today faces difficult challenges posed by questions about price stability, future growth and money market equilibrium. A digital currency is a special issue today due to the outbreak of...
Article
The article deals with the circulation of a digital currency as a worldwide problem. The topic has theoretical and practical significance because price stability, economic growth and development and market equilibrium depend on the quality of this circulation. Currency digitization has become a particularly acute issue with the outbreak of COVID-19...
Article
Full-text available
This paper is about events where one or more banks face difficulty ruling over their short-term liabilities and perhaps fail. it is natural to think of these events as occurring where some agents have some benefits from creating the risk of these kinds of events, and perhaps do not bear all the societal costs. it is natural to think of these as ine...
Article
Full-text available
This article explores the potential approaches to optimising the way the institutions of mutual common use by the BRICS countries are constructed. The topic is time-relevant, for it reveals the need to work out a new institutional basis to understand the workings of the BRICS institutions as a result of recent transformations, such as Brexit, in th...
Article
Full-text available
The article addresses international currency conflicts. The research has found that currency conflict has extensive economic effects, especially on the United States and the weak peripheral countries of the Eurozone, as well as Canada, and some other countries that do not intervene in the currency markets. The author has revealed that these develop...
Article
Full-text available
Цель статьи – проанализировать особенности формирования и развития российских финансовых технологий. Тема актуальна в связи с постановкой национальной задачи вхождения России в группу передовых стран мира. Теоретическая значимость статьи определяется тем, что в ней сформулированы принципы и подходы к интеграции российских финансовых технологий на у...
Article
The article covers some ideas about the research on high-frequency trading and financial market design. The topic is time-relevant because today there exists a need to convince traders that there is a simple structural floor in the way that the financial markets are designed. The article reveals the significance of trading on the floor that the for...
Book
Full-text available
Pilipenko, Igor V. (Ed.). (2019). The Transition to a Market Economy and Structural Reforms in the Eurasian Economic Union Member States. Saint Petersburg, Naukoemkie tehnologii Publishing House. 976 p. (in Russian) This book presents a study of the transition of the Eurasian Economic Union (EAEU) member states from a planned economy to a market e...
Article
Full-text available
This article is specifically devoted to financial globalisation and financial crises in the early 21st century. Obviously, it is a topic everyone is interested in after the global financial crisis of 2008–2010, the worst global financial crisis since the Great Depression. Its effects are still felt across the world today. Both industrial and emergi...
Article
In the paper, the author has formulated and proven the hypothesis according to which among the international financial centres of the BRICS Moscow is the most promising one in terms of becoming a new yuan’s offshore centre since there is a working niche for trades in currency pair rouble/yuan. And also, there are commercial banks in Moscow that tak...
Article
The study presented in the article seems rather relevant due to the fact that the problem of indebtedness in the eurozone members has not been solved yet, and these countries still continue to accumulate debts. Therefore, the eurozone members are expected to find effective ways to restore competitiveness after the crisis of 2009‒2012 without exitin...
Article
The article deals with the issues of Eurasian monetary integration. The topic is especially time-relevant today, for the deepening of the integration in Eurasia is really dependent upon the development of European Economic Union regarding a potential currency union. These regional economic relations require a common monetary market. The prospects o...
Article
Full-text available
The subjects of the research are the transformation of the international financial architecture resulting from the internationalization of some currencies of the BRICS countries, mainly the yuan; the position of the BRICS currencies in the world monetary system; and a possibility of creating a common payment unit in the context of collective curren...
Article
The general outcomes of this article come from a hypothesis that expanding the BRICS currencies in the contemporary World System of Currencies (WSC) is going to be a major driver of reinforcing financial stability and transforming the WSC by means of the internationalisation process as a result of direct international settlements as well as through...
Article
Full-text available
The euro crisis of 2009 made governments and policymakers throughout the world doubt the efficiency of currency integration. The crisis led to the necessity to review the paradigm of the regional economic integration. This paradigm is now undergoing transformation. It is believed that in the process of regional economic integration new additional s...
Article
Full-text available
The article analyzes the mechanism of settling trade and financial transactions in national currencies of the BRICS. The purpose of this article is to reveal the special features of the BRICS’ currencies’ internationalization process in the frames of this mechanism. The article proves that having various investment opportunities in yuan’s transacti...
Article
Full-text available
The relatedness of the article is determined by the developments in the world system of currencies occurred in 2014-2016, i.e. the establishment of the BRICS Development Bank and the inclusion of Chinese Yuan into the SDR currency basket. Author explores the potential of South African Rand to become a regional currency and, eventually, an internati...
Article
Full-text available
The subject matter of this article is the mutual international settlements between Russia (i.e. its border regions) and China in yuans. An advantage of such settlements is determined by the amount of money which can be spared by the Russian importers of Chinese products in case of direct trade. The topic of the article encompasses the analysis of e...
Article
Full-text available
The paper describes the aspects of the augmented reality application development on the base of ARToolkit for Android. The steps consistently used for the augmented reality application development have been considered. The simplest Java-based examples of augmented reality have been discussed.
Article
Full-text available
The article is dealing with modern techniques of teaching students as well as interested parties of various courses in economic disciplines. The article covers new approaches to studying finance and financial markets. The article shows the necessity of studying finance and financial markets. The authors come up with the proposals how to improve the...
Article
Full-text available
The hypothesis of the article is that there is a special commercial exchange rate of the rupee to the dollar. The author proves that India and Russia trade using this exchange rate contrary to the official exchange rate of the Reserve Bank of India. The article concludes that the commercial exchange rate of the rupee is the basic mechanism for its...
Article
The purpose of this article is to analyze Chinese Yuan and major international reserve currencies on the basis of particular criteria such as a currency’s use in settling cross-border trade and financial transactions. The author estimates the potential of Yuan’s convertibility and its achieving the status of an international reserve currency. The a...

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