Abstract

The article reveals global crisis causes; measures for establishing universal financial and economical system regulation are formulated. Anti-recessionary regulation objectives should pursue the formation of sound economy, not overburdened with debts and fictitious capital. While creating a new financial architecture financial leverage limitation for all enterprises in financial and real sectors of the economy is considered to be the key innovation. Flexible anti-cyclical system of prudential regulation, compensating destructive influence of positive feedbacks on financial markets, is needed. It is also necessary to improve the quality of corporate and public governance, to forbid combining activities which cause an unsolvable conflict of interests. For currency risks reduction it is suggested that SDRs should be wider used as an international instrument of payments and a reserve currency.

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