Volume 11, Issue 2 (2021)
ORMR 2021, 11(2): 21-40 |
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Khasehi Varnamkhasti V, Goharifar M, Dehdashti Shahrokh Z, seif V. Analysis futures of Global Monetary Order and its effects on the international banking system of Iran. ORMR 2021; 11 (2) :21-40
URL: http://ormr.modares.ac.ir/article-28-47797-en.html
URL: http://ormr.modares.ac.ir/article-28-47797-en.html
1- Associate Professor, Business Management Department, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran. , khashei@atu.ac.ir
2- PhD Candidate of Commercial Policy (Strategic) Management, Faculty of Management, Allameh Tabataba'i University, Tehran, Iran.
3- Professor, Business Management Department, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
4- Assistant Professor, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran
2- PhD Candidate of Commercial Policy (Strategic) Management, Faculty of Management, Allameh Tabataba'i University, Tehran, Iran.
3- Professor, Business Management Department, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
4- Assistant Professor, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran
Abstract: (2693 Views)
According to the latest report of the International Monetary Fund, the share of the US dollar in the total foreign exchange reserves of the world's central banks is about 63%, while the share of the Euro is 20% and the share of the Yuan is 2.5%. This study argues for the hegemonic position of the dollar in the world economic system and then tries to understand the future scenarios of this position. The ultimate goal of this study was to analyze the solutions of Iran's international banking system to deal with the position of the dollar in the global financial system. In this regard, a qualitative research has been conducted by qualitative content analysis method with the presence of 15 experts in the field of international banking. The data collected through semi-structured interviews have been analyzed and the results indicate that: Continuation of dollar hegemony, replacement with another national currency, strengthening of multilateral currencies and replacement with digital currencies are the four future scenarios of the global financial system. Subsequently, the solutions of Iran's international banking system to deal with it are: development of strategic financial relations with China, conclusion of multilateral monetary agreements, exploitation of digital currencies, and use of non-bank trade mechanisms.
Article Type: Qualitative Research |
Subject:
Strategy and Management
Received: 2020/11/20 | Accepted: 2021/03/7 | Published: 2021/08/30
Received: 2020/11/20 | Accepted: 2021/03/7 | Published: 2021/08/30
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