This book gathers the best papers presented at the conference ¿The Future of the Global
Financial System: Downfall or Harmony¿ which took place in Limassol Cyprus on April 13-14
2018. Organized by the Institute of Scientific Communications (Volgograd Russia) the
conference chiefly focused on reassessing the role and meaning of the global financial system
in the modern global economy in light of the crisis that began in 2008 and can still be
observed in many countries and on developing conceptual and applied recommendations on
spurring the development of the global financial system. All works underwent peer-review and
conform to strict criteria including a high level of originality (more than 90%) elements of
scientific novelty contribution to the development of economic science and broad
possibilities for practical application. The target audience of this scientific work includes
postgraduates lecturers at higher educational establishments and researchersstudying the
modern global financial system. Based on the authors¿ conclusions and results readers will be
equipped to pursue their own scientific research. The topics addressed include (but are not
limited to) the following issues which are interesting for modern economic science and
practice: financial globalization the role of finances in the global economy perspectives of
transition in the financial system from part of the infrastructure to a new vector of
development in the global economy in the 21st century reasons for the crisis of the modern
financial system and ways of overcoming it problems and perspectives regarding the
harmonization of the global financial system and scenarios of development for the global
financial system. The content is divided into the following parts: development of financial
systems at the micro- meso- and macro-levels financial infrastructure of the modern economy
legal issues of development of the modern financial system and management of the global
financial system.
