MODEL OF THE OPTIMUM EXCHANGE RATE
During 25 years of designing and developing market economy in Russia well-balanced tools of shaping currency rate, which is adequate to the economic situation in the country has not been formed. The ruble rate to world reserve currencies controlled by Russian management always had certain signs of v...
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Plekhanov Russian University of Economics
2017
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oai:doaj.org-article:0815342bf8b34504a74a702d996962852021-11-15T05:20:42ZMODEL OF THE OPTIMUM EXCHANGE RATE2413-28292587-925110.21686/2413-2829-2015-1-117-134https://doaj.org/article/0815342bf8b34504a74a702d996962852017-09-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/16https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251During 25 years of designing and developing market economy in Russia well-balanced tools of shaping currency rate, which is adequate to the economic situation in the country has not been formed. The ruble rate to world reserve currencies controlled by Russian management always had certain signs of voluntarism, it was fixed without due regard to ruble inflation rate. It finally led to severe finance and currency crises of 1998, 2008, 2014. The article proposes economically substantiated model of optimum currency rate. It provides calculations showing efficiency of the tools and supporting the final conclusion: long-term shaping of currency rate asynchronous to the inflation rate is a forerunner of the next finance crisis.Vladimir P. SemenovYuriy P. SolovievEvgeniya V. GorshkovaPlekhanov Russian University of Economicsarticlefinance crisiscurrencyinflationbuying capacity parityprofitabilityEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 1, Pp 117-134 (2017) |
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finance crisis currency inflation buying capacity parity profitability Economics as a science HB71-74 |
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finance crisis currency inflation buying capacity parity profitability Economics as a science HB71-74 Vladimir P. Semenov Yuriy P. Soloviev Evgeniya V. Gorshkova MODEL OF THE OPTIMUM EXCHANGE RATE |
description |
During 25 years of designing and developing market economy in Russia well-balanced tools of shaping currency rate, which is adequate to the economic situation in the country has not been formed. The ruble rate to world reserve currencies controlled by Russian management always had certain signs of voluntarism, it was fixed without due regard to ruble inflation rate. It finally led to severe finance and currency crises of 1998, 2008, 2014. The article proposes economically substantiated model of optimum currency rate. It provides calculations showing efficiency of the tools and supporting the final conclusion: long-term shaping of currency rate asynchronous to the inflation rate is a forerunner of the next finance crisis. |
format |
article |
author |
Vladimir P. Semenov Yuriy P. Soloviev Evgeniya V. Gorshkova |
author_facet |
Vladimir P. Semenov Yuriy P. Soloviev Evgeniya V. Gorshkova |
author_sort |
Vladimir P. Semenov |
title |
MODEL OF THE OPTIMUM EXCHANGE RATE |
title_short |
MODEL OF THE OPTIMUM EXCHANGE RATE |
title_full |
MODEL OF THE OPTIMUM EXCHANGE RATE |
title_fullStr |
MODEL OF THE OPTIMUM EXCHANGE RATE |
title_full_unstemmed |
MODEL OF THE OPTIMUM EXCHANGE RATE |
title_sort |
model of the optimum exchange rate |
publisher |
Plekhanov Russian University of Economics |
publishDate |
2017 |
url |
https://doaj.org/article/0815342bf8b34504a74a702d99696285 |
work_keys_str_mv |
AT vladimirpsemenov modeloftheoptimumexchangerate AT yuriypsoloviev modeloftheoptimumexchangerate AT evgeniyavgorshkova modeloftheoptimumexchangerate |
_version_ |
1718428787926892544 |