THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECT
One of the important factors for improving the economic situation in the Russian Federation is the optimization of the mechanism of currency regulation. Its role as the main means of implementing monetary policy is of particular importance in countries where the national currency has limited convert...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-04-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/2716 |
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| author | K. G. Bunevich T. A. Gorbacheva |
| author_facet | K. G. Bunevich T. A. Gorbacheva |
| author_sort | K. G. Bunevich |
| collection | DOAJ |
| description | One of the important factors for improving the economic situation in the Russian Federation is the optimization of the mechanism of currency regulation. Its role as the main means of implementing monetary policy is of particular importance in countries where the national currency has limited convertibility, since it is not in stable demand in the global financial markets. The purpose of this article is to summarize existing theoretical approaches to the problem of formation and regulation of the exchange rate based on the study of the evolution of relevant theories and concepts, as well as the definition of their scope of application and the conditions of validity. The article systematizes the theoretical aspects of the formation and regulation of the exchange rate. The paper highlights the instruments that affect the exchange rate. The authors study the main approaches to the relationship between the balance of payments and the exchange rate. The obtained theoretical results can be used in the formation and adjustment of monetary policy. |
| format | Article |
| id | doaj-art-550e6d7ccf8c413387ded61b29fe990f |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-04-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-550e6d7ccf8c413387ded61b29fe990f2025-02-04T08:28:07ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-04-010213614310.26425/1816-4277-2021-2-136-1431978THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECTK. G. Bunevich0T. A. Gorbacheva1Witte Moscow UniversityWitte Moscow UniversityOne of the important factors for improving the economic situation in the Russian Federation is the optimization of the mechanism of currency regulation. Its role as the main means of implementing monetary policy is of particular importance in countries where the national currency has limited convertibility, since it is not in stable demand in the global financial markets. The purpose of this article is to summarize existing theoretical approaches to the problem of formation and regulation of the exchange rate based on the study of the evolution of relevant theories and concepts, as well as the definition of their scope of application and the conditions of validity. The article systematizes the theoretical aspects of the formation and regulation of the exchange rate. The paper highlights the instruments that affect the exchange rate. The authors study the main approaches to the relationship between the balance of payments and the exchange rate. The obtained theoretical results can be used in the formation and adjustment of monetary policy.https://vestnik.guu.ru/jour/article/view/2716balance of paymentsexchange ratecurrency restrictionsconvertibilitypurchasing power parityfixed exchange ratefloating exchange ratecontrolled floating modethe law of one pricecurrency sterilization |
| spellingShingle | K. G. Bunevich T. A. Gorbacheva THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECT Вестник университета balance of payments exchange rate currency restrictions convertibility purchasing power parity fixed exchange rate floating exchange rate controlled floating mode the law of one price currency sterilization |
| title | THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECT |
| title_full | THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECT |
| title_fullStr | THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECT |
| title_full_unstemmed | THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECT |
| title_short | THE MECHANISM OF CURRENCY REGULATION IN MODERN CONDITIONS: THEORETICAL ASPECT |
| title_sort | mechanism of currency regulation in modern conditions theoretical aspect |
| topic | balance of payments exchange rate currency restrictions convertibility purchasing power parity fixed exchange rate floating exchange rate controlled floating mode the law of one price currency sterilization |
| url | https://vestnik.guu.ru/jour/article/view/2716 |
| work_keys_str_mv | AT kgbunevich themechanismofcurrencyregulationinmodernconditionstheoreticalaspect AT tagorbacheva themechanismofcurrencyregulationinmodernconditionstheoreticalaspect AT kgbunevich mechanismofcurrencyregulationinmodernconditionstheoreticalaspect AT tagorbacheva mechanismofcurrencyregulationinmodernconditionstheoreticalaspect |