INTERNATIONAL FINANCIAL SYSTEM: GLOBAL TRENDS AND QUALITATIVE CHANGES

The article reveals the main problems with which the global financial system has been faced by 2022. Among them are the debt problem, global regulatory arbitrage, increased imbalances in the current account of the balance of payments at the global level, challenges associated with the development of digital finance, an imbalance between the role of emerging market economies and developing countries in the global economy and their role in global governance, etc. The challenges faced by the global financial system in 2022 include increased uncertainty, possible development of fragmentation processes, increased global inflation, worsening debt problems, and the development of “contagion” effects between emerging markets.