News of the Institute

Іn May 16, 2023, a meeting was held at the Consulate General of Ukraine in Naples, at which the results of cooperation between the Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine (IEP) and the Italian Institute for the Future (IIF) were summarized. The Memorandum of Cooperation between two institutions  was signed in Naples with the assistance of the Consulate General of Ukraine a year ago.     The meeting was attended by Consul General of Ukraine in Naples Maksym Kovalenko, Vice-President and co-founder of IIM doc. Daniela Porpiglia, IIM director for international affairs Vincento Torre and Counselor for International Cooperation to the IEP Director  Prof. Oleksandr Sharov.  

It was noted that over the past year the Parties managed not only to hold a number of international conferences and meetings, but also to find ways of practical implementation of their research.

The Parties also agreed on further joint work with the aim of identifying specific needs for the recovery of the Ukrainian economy and opportunities for Italian business to meet them and further cooperation.

Dear Colleagues, 

The Economics and Business School of Universidad Anahuac Puebla, México and the Institute for Economics and Forecasting of the National Academy of Science of Ukraine are organizing the International Conference Geoeconomics of the International Monetary Order: Money and Power in the 21^st Century. This event will be held on June 7-8, (Mexico City time zone, UTC-6) through VIRTUAL format. 

The purpose of this international conference is to gather experts from several countries and fields to discuss, as a complex phenomenon that needs to be scrutinized from multiple perspectives, the ongoing multifaceted transformation of the global financial and monetary order. Also, the other purpose is to discuss the impacts and implications for this matter of disruptive forces, including the reactivation of strategic rivalries involving major powers, the intensification of both conventional conflict and non-kinetic forms of warfare, the proliferation of FinTech, rising monetary pluralism and the effects of the COVID-19 global pandemic.   

The sphere of money is not just about wealth. Throughout history, money has operated an impersonal force whose behaviour needs to be understood from a long-range multidisciplinary perspective that considers economic, political, strategic, technological, geographical and societal factors. There is an increasing competition to redefine the nature of the international financial and monetary order. Under such systemic conditions, national states are addressing the sphere of money as a domain that entails far-reaching implications for international relations, national security, foreign policy, grand strategy and intelligence.

Taking this scenario into account, it is important and relevant to analyze what are the main trends of these phenomena that will probably be elements that trigger a new international order.

It is with great pleasure that we invite our colleagues to participate in the International Conference organized by Anahuac University Puebla (Mexico) and Institute for Economics and Forecasting (National Academy of Sciences of Ukraine).

The Conference will provide you with a great opportunity to present your work and discuss geoeconomics of the international monetary order with global scholars. It will also include local and regional representation. For the very first time, the Local Organizing Committee is composed of colleagues from two countries, with the aim of strengthening ties with the global community.

Welcome proposals related to the following topics:

• Geoeconomics
• International monetary order and main players
• Strategic competition in the sphere of money and finance
• De-dollarization and rising monetary pluralism
• International finance
• International currencies
• Digital currencies
• Geopolitics

Deadline for proposals: May 20, 2023.

The submissions shall include: title of presentation, abstract of presentation (250 words approximately) and executive resume (250 words approximately).

Format: virtual panels (each speaker will have 25 minutes).

Important. As an additional collaborative project, please note that both Anahuac Puebla University and the Ukrainian National Academy of Sciences, have agreed that this project also contemplates the publication of book which will compile the corresponding conference papers.

Contact / organizers

On April 19, 2023, the editors of the “Journal of European Economics” together with the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine held a discussion on the nature of modern money, the reason for which was the two-volume work of the Chief Researcher of the international financial research sector of the IEP, the Deputy Editor-in-Chief of the Journal, Professor Sharov O.M. – “Monetary Globalization” and “Globalization of Money”.

Ukrainian and foreign experts took part in the discussion, in particular, Alonso-Trabanko J.-M. (researcher at Massey University, New Zealand),  Borzenko O. (Head of the IEP Sector ), Hrytsenko A. (Full-Member of the Academy, IEP First Deputy Director), Carrillo-Pina J. ( Universidad Anáhuac Puebla, Mexico), Korablin S. (Corresponding Member of the Academy,IEP Deputy Director), Mishchenko V. ( Head of the IEP sector), Pilyaev I. ( IEP/University of Tokyo), Petryk O. ( IMF Alternate Director, 2013-17; Member of the Council of the National Bank of Ukraine, 2018-22), Yurchyshyn V. (Director of economic programs, Razumkov Center), Saveliev Ye. (West Ukrainian National University, Editor-in-Chief of theJjournal), Skrynnyk Z. ( Lviv National University after Ivan Franko), Sharov O. (IEP ), Yaremenko S. ( Chairman of Eximbank of Ukraine, 1992-96; Deputy Governor  of the National Bank of Ukraine, 2005).

Starting the discussion, Prof. Hrytsenko A. said that he was not going to “sing praises”, but wish to congratulate Prof. Sharov O. with truly unique work. After all, there is no such work in world practice that would be devoted, on the one hand, to the influence of money on globalization, and, on the other hand, to the impact of globalization on money itself. Such a high assessment was supported by Petryk O., who noted: “From my point of view, the treatise “Globalization of Money” by O. Sharov is the most interesting and informative book by Ukrainian researchers in the field of Money Theory and monetary development that I have read in recent years . Books are interesting in themselves, but it is very important that they also make you think about many questions. This is a kind of trigger for further thinking and analysis.”

In the course of the subsequent discussion, its participants discussed the current issues of the development of the Monetary System (Modernization of money functions, the de-staffing of money and the emergence of digital money – crypto-currencies and CBDC) and International Monetary Relations (prospects of de-dollarization, the emergence of alternative international currencies, etc.).

At the end, the wishes were expressed  to continuation of research in this field by Prof. Sharov O., as well as organization of a wider international conference on these issues.

In response to such proposal, it was announced that the Institute of Economics and Forecasting intends to hold such a conference together with Mexican partners in June of this year and invites its Ukrainian and foreign partners to participate in it.