"Reserve currencies: factors of formation and role in the world economy"

The press service of the Gaidar Institute reports that in the series "Scientific works" there was prepared a new Institute's research (No. 162) "Reserve currencies: factors of formation and role in the world economy" (M: Publishing house of the Gaidar Institute 2012. - 136 p.). Authors: C. Narkevich and P. Trunin.

This work is devoted to the analysis and classification of existing theoretical and empirical models that describe the factors of formation of reserve currencies and their role in the world payment system. An important part of the work is to study the concept of a regional reserve currency and definition of specificity of the factors impacting on status of the exchange raise. It also contains the estimation of the role of regional reserve currency in the international calculation and world financial markets. In the final part of the research the actions, that can help to increase the status of the Russian rouble and its transformation into a regional reserve currency are being analyzed.