On the role of soft international law in the regulation of interstate relations to prevent and overcome the financial and economic crises

Purpose: To analysis the impact of acts of soft international law on international relations in the field of preventing and overcoming the financial and economic crises. Methodology: the formal legal, comparative, structural and logical methods. Results: This article analyzes the impact of recommendation of international instruments to regulate interstate relations to maintain financial and economic stability. Determined that currently acts soft international law, contribute to the formation of a uniform conceptual apparatus in the field of anti-crisis cooperation, in part by securing a legally binding document. In addition, reference acts as the basis for regulating relations in the prevention and resolution of financial and economic crises, represented largely on the universal level, where the contractual agreement will not always possible due to the difference of economic interests. Given the general acceptance, the existence and the practical applicability of the provisions of the acts of the individual recommendation to maintain financial and economic stability, it is proposed to consider them as international customs, that is sources of international law. Novelty/originality/value: It is that the nation’s first science of international law made an attempt to identify the role of soft international law in the regulation of interstate relations to prevent and overcome the financial and economic crises