Vinokurov, Evgeny Y.; Grichik, Marina V.; Tsukarev, Taras V. - In: Russian journal of economics 8 (2022) 4, pp. 315-332
The ongoing international reserve paradigm based on trust will experience a major transformation despite being convenient, flexible and low-cost. The underlying issue is a loss of trust. Due to the massive financial sanctions imposed on Russia and other states, traditional reserve currencies...