DA LI JE DE-DOLARIZACIJA NEUMITNA?
DOI:
https://doi.org/10.51738/Kpolisa2024.21.1r.127nzlzKljučne reči:
de-dolarizacija, globalni monetarni poredak, finansijske transakcije, devizne rezerve, juan, centralne bankeApstrakt
Oslanjanjem na relevatne studije međunarodno referentnih ekonomista, uz korišćenje metoda analize sadržaja, sinteze i komparacije, pratimo proces de-dolarizacije, odnosno fenomen uspostavljanja nove ravnoteže snaga u svetskom finansijskom poretku. Osnovna intencija rada je da ukazivanjem na institucionalne i ostale barijere za internacionalizaciju glavnog pretendenta za status globalne valute, kineskog renmimbija, projektujemo buduće pravce međunarodne monetarne politike. Cilj rada je i pružanje smernica kreatorima domaće ekonomske politike u kontekstu povećanog značaja ne-zapadnih valuta, i posledično potrebe za rebalansiranjem domaćih deviznih rezervi i stvaranje neophodne infrastrukture za povećanu upotrebu kineske monete na domaćem deviznom tržištu. Zaključujemo da je, i pored izvesnog slabljenja globalnog značaja američke monete — posebno od početka 2022 — proces de-dolarizacije u inicijalnoj fazi, te da bi mogao potrajati decenijama. Naime, da bi se formirao multilateralni valutni sistem neophodno je, imajući u vidu trenutni hegemonski status dolara, snažno povećavanje upotrebe drugih moneta. To se odnosi na kreditiranje svetske trgovine, gde se vidi najveći napredak juana, ali i na važnije domene kao što je alociranje deviznih rezervi centralnih banaka, denominacija hartija od vrednosti, te fakturisanje finansijskih transakcija u bilateralnim trgovinskim i drugim aranžmanima.
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Sva prava zadržana (c) 2024 Goran Nikolić, Jelena Zvezdanović Lobanova, Milan Zvezdanović
Ovaj rad je pod Creative Commons Autorstvo 4.0 Internacionalna licenca.
