Book review: Avdokushin, E.F. (2020), International Financial Relations (Fundamentals of Finance). Learning manual, Dashkov and Co., Moscow, Russia

Abstract

The process of financialization gives the modern economy a financial character, forming its special segment of the financial economy – the finansomics, subject to its own laws and increasingly detached from the real (industrial) economy. Finasomics, as noted in the manual, forms a new approach to assessing the effectiveness and efficiency of a business through the use of a capitalization tool.
Analyzing the essence of finance, prof. Avdokushin E.F. identifies three stages in its development from the end of the 50s. in the 20th century up to the crisis of 2008/09. It is on the peculiarities of the development of – the finansomics at these stages that the author of the manual focuses.