Conceptual Approaches to Modernization of International Monetary, Credit and Financial Relations in the Framework of Modern Global Challenges
The article deals with conceptual framework and issues on further improvement of international monetary, credit, and financial relations (IMCFR) over a new take of the school of thought amid global challenges. We developed a set of suggestions on how to enhance the role of IMCFR in innovation-driven growth of the Russian economy. We also suggested steps on modernization of monetary and external credit and financial policy from the perspective of international challenges, including sanctions against Russia. Besides, we proved that IMCFR should be further substantiated by advanced legislation as well as by state regulation and governing documents.