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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Autores principales: Vladimir P. Semenov, Yuriy P. Soloviev, Evgeniya V. Gorshkova
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Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2017
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Acceso en línea:https://doaj.org/article/0815342bf8b34504a74a702d99696285
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spelling 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)
institution DOAJ
collection DOAJ
language RU
topic finance crisis
currency
inflation
buying capacity parity
profitability
Economics as a science
HB71-74
spellingShingle 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
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