Theory and practical aspects of Internationa settlements. Economic cooperation - страница 3

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– the monetary system at the international level through agreements regulated by sovereigns is the base mechanism of international payments as well as calculations and rates of foreign trade contracts are made in a particular currency, the financial unit;

– the essential of international settlements is that they are a mechanism for balancing the mutual financial obligations arising from international economic co-participants in trade and financial relations;

– a form of international settlements is a way of execution, implementation clearing house, it gradation arises because of the presence aspect of distrust and almost significant risks that require consideration in the implementation of financial obligation, especially relevant on a global scale due to the global interest;

– statements of account relationships are credit institutions, in view of their participation estimated relationship becomes a superstructure of the principal obligation of counterparties;

– justification of our expectations is a source of complacency, but because of multidirectional activity of other subject and expectations are subject to external factors and adjustments required for balancing a set of obstacles in a broad sense, registration and insurance risks;

– financial transactions become largely autonomous nature. The volume of actual turnover of goods and services is much less than the sum of transactions in global financial markets, like the banking multiplier actual turnover of goods creates a lot more turnover of finance;

– principal conductor and the subjects of international payments are the multinational corporations and banks. They concentrate in the hands of capital, scientific potential, technology, and at the same time seeking to monopolize the world's resources. Impact of their activities is extremely contradictory: generate both opportunities and challenges for the global economy;

– the most liquid assets and liabilities – payments on exports of goods and services account for an ever smaller part of the global assets and liabilities, where the crucial role played by various operations with financial instruments, as a result, periodic imbalances of international payments;

The processes of globalization of the economy attracted attention because they are not yet sufficiently studied and evaluated in the aspect of the possible consequences for the international community, individual countries with different levels of economic development and to direct participants in foreign economic activity. These processes can spin out of control and destabilize the system of international payments.