MONETARY RELATIONS AS A POLITICAL TOOL: THE WORLD POLITICAL ASPECT OF THE PROBLEM

Abstract

In the modern world, monetary relations determine the configuration of the world system increasing the influence of those who exert effective control over these relations. Due to the difference in the monetary power degree, a new power hierarchy is being formed in the world dividing the units of the global political space into beneficiaries and benefactors, as well as semi-beneficiaries who accept the rules of this game despite their potential for monetary influence which is relatively high. Two trends in monetary unification are defined in case of this hierarchy, i.e., the trends of universalization of monetary policies encouraging dollar dominance and monetary diversification, i.e. sovereignization of monetary policies getting out of the dollarization influence. A new area of political confrontation is rising at the junction of trends of monetary unification and monetary diversification, and this area extends both to the real, and to the virtual space.