Olga Ivanovna Pilipenko received her diploma of Higher Education from the Moscow State Institute for Foreign Relations (MGIMO University) in 1975. In 1981 she received her degree of Candidate of Science in Economics from the Institute of Latin America of the USSR' Academy of Science. In 1994 she received a degree of Doctor of Economics from Lomonosov's Moscow State University. She worked as a full Professor for many Russian Universities: All-Russian Correspondence Financial and Economic Institute (VSFEI), People’s Friendship University of Russia (RUDN), Lomonosov's Moscow State University, Russian Presidential Academy of National Economy and Public Administration (RANERA) (last work). In the 1990s, under the interstate exchange program, she trained in Denmark (Hearing Institute of Technology, and Aarhus University). She has more than 130 publications, including ones indexed by RISC (RF), Scopus, Web of Science. Her scientific interests lie in the areas of bifurcation effects' modeling in global financial markets in connection with shocks, interaction of factors of global financial stability, of monetary circulation, of public finance, of monetary and fiscal policies interaction, of cyclical development of economic and financial systems in context with theory of shocks.