Theory and practical aspects of Internationa settlements. Economic cooperation

Елизавета Камзина

Николай Камзин

As part of the dynamics of international economic cooperation by the need for mutual settlement operations, so the problem of organization of settlements is an important place for the economically active subjects, especially in a globalized economic space in the functioning of transnational structures and scale of the export, import and international financial transactions. In agreeing on the order of calculations, the participants determined the form of payment in order to fulfill the financial obligations of the agreement – regulated by means of voluntary compliance through a credit institution liabilities, characterized by specific features on the order of transfer of funds to the account, a certain kind of settlement document, as well as office procedures. The source of payment relations is the need to have one contractor expressed in the appropriate disposition, the other in shortage. This relationship gives rise as a consequence of the relationship with the lending institution. Need to accession will intensify in the subjects of international payment relationship.

Nikolay L Kamzin, Elizabeth L. Kamzina

Theory and practical aspects of Internationa settlements. Economic cooperation

Introduction

Within world economy the dynamic of international economic globalization enables the participants the need for mutual settlement operations, so the problem of organization of settlements is one of the main places for economically active subjects, “экономического человека”[1 - Автономов Р’.РЎ. Модель человека РІ экономической науке. – РЎРџР±.: Экономическая школа. 1998. – 230 СЃ.], in the worlds of Р’.РЎ. Автономова and system related structural independence[2 - Ван-РҐСѓР· Р”.Р”. Миллер Р .Р›. Современные деньги Рё банковское дело. – Рњ.: Р?НФРА-Рњ. 2000. – C. 800.], than highlights relevance of the topic of research. Especially in a globalized economic space, in the function of transnational structures and scale of their export-import operation and international financial transactions.

The object of this research is international economic relations in aspects of realization mutual transnational financial commitment, international settlements. The level of economic relations has evolved to the point that the mail problem is the reduction of mutual accounts, and this is actually for the subject belonging to the same financial structure, in which, despite the outward unity is constantly being “constructive” talks on how to conduct joint activities and joint projects in the global economy in view of cross-border commercial transactions.

The object of this research is the economic substance of the payment and settlement operations in foreign-economy activity at the present stage of globalization world economic space.

The aim of the present research is to co-based study and analysis of the provisions of economics, international experience, accumulated knowledge on this sphere of social relations, to identify international payments as part of the international monetary and financial relations, to identify current trends of development and regulation of international settlements in the context of globalization.

The achievement of this goal is to solve the following problems:

– research of evolution of the global monetary system as a factor in the development of international monetary and financial relation;

– identifying the essential and form international settlements, the study order of state regulation of international payments;

– identification of risks arising from the international settlement realization, and ways to minimize them;

– research payment in foreign-economy activity at the present stage;

– define the role of banks in international transactions;

– problem and prospects of international settlements evo