Мировые финансы в российско-американских отношениях
Russian-American relations have been increasingly shaped by issues driven by Russia's exposition to the domination of U.S. dollar in the world financial system. The world crisis of 2008 marked the moment when Russia formulated her interests in regard to the reform of the world financial architecture. Today Russia is one of the large countries challenging the domination of dollar and pursuing a coherent policy in order to increase the zone of her national currency circulation.
Law-ethical base of Islamic business enters into contradiction with the norms of the business practice, characterized by the high level of uncertainty, lack of information, law level of trust, prevalence of private interest over public etc. Islamic financial institutions often have to seek compromise with the existing environment on the financial markets: extra expenses and risks arise resulting mainly from overcoming of the financial path dependence which stems from the fact that modern financial system is based on interest loans, speculation and unsecured debts.
The article is devoted to the problem of the islamic financial instruments development in the context of the interest-based financial system monopoly in the world financial system. The situation when the whole financial system is based in interest as a reward for the loan, makes the development of islamic financial institution dependant on the path which the world financial system passed throughout the last century. The path dependence, as a term introduced by the institutionalists, occurs in this matter. Speking about Islamic finance the author introduces a term "financial path dependence"