Fixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System

In current conditions of unstable global currency system and spoilt reputation of the American dollar the possibility to pass over to national currency in settlements among countries has become very topical. Thus the issue of fixing the exchange rate of currency units has become very important.  The...

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Autor principal: Yu. A. Kropin
Formato: article
Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2019
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Acceso en línea:https://doaj.org/article/dc5475e686ed46f68c84e2b65029c11f
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spelling oai:doaj.org-article:dc5475e686ed46f68c84e2b65029c11f2021-11-15T05:20:48ZFixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System2413-28292587-925110.21686/2413-2829-2019-1-19-26https://doaj.org/article/dc5475e686ed46f68c84e2b65029c11f2019-03-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/638https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251In current conditions of unstable global currency system and spoilt reputation of the American dollar the possibility to pass over to national currency in settlements among countries has become very topical. Thus the issue of fixing the exchange rate of currency units has become very important.  The article reveals the problem from the positions of the Russian school of economic thought, which is critical concerning the opinion of neo-liberal school about fixing the exchange rate of currency units. The focus is made on the fact that today’s method of estimating the exchange rate is ungrounded. The author puts forward the way of estimating the exchange rate, which can meet the essence of the present monetary system. To reveal the subject of the research and present the material the author used methods from general to particular, deduction and induction, natural sequence and some others. As a result a conclusion was made that fixing the exchange rate of currency units should be grounded on the one hand, by factors of the fundamental order, i. e. the level of social and economic development of the country, and on the other hand – by the current market situation on market of those goods, which are exported from the country and those commodity goods, which are imported to the country.Yu. A. KropinPlekhanov Russian University of Economicsarticleexchange rate of the currency unitmonetary system (gold-standard and market)assets of the central bankmaterial content of the marketrussian and neo-liberal schools of economic thoughtEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 1, Pp 19-26 (2019)
institution DOAJ
collection DOAJ
language RU
topic exchange rate of the currency unit
monetary system (gold-standard and market)
assets of the central bank
material content of the market
russian and neo-liberal schools of economic thought
Economics as a science
HB71-74
spellingShingle exchange rate of the currency unit
monetary system (gold-standard and market)
assets of the central bank
material content of the market
russian and neo-liberal schools of economic thought
Economics as a science
HB71-74
Yu. A. Kropin
Fixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System
description In current conditions of unstable global currency system and spoilt reputation of the American dollar the possibility to pass over to national currency in settlements among countries has become very topical. Thus the issue of fixing the exchange rate of currency units has become very important.  The article reveals the problem from the positions of the Russian school of economic thought, which is critical concerning the opinion of neo-liberal school about fixing the exchange rate of currency units. The focus is made on the fact that today’s method of estimating the exchange rate is ungrounded. The author puts forward the way of estimating the exchange rate, which can meet the essence of the present monetary system. To reveal the subject of the research and present the material the author used methods from general to particular, deduction and induction, natural sequence and some others. As a result a conclusion was made that fixing the exchange rate of currency units should be grounded on the one hand, by factors of the fundamental order, i. e. the level of social and economic development of the country, and on the other hand – by the current market situation on market of those goods, which are exported from the country and those commodity goods, which are imported to the country.
format article
author Yu. A. Kropin
author_facet Yu. A. Kropin
author_sort Yu. A. Kropin
title Fixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System
title_short Fixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System
title_full Fixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System
title_fullStr Fixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System
title_full_unstemmed Fixing Exchange Rate of Currency Units Within the Frames of the Effective Monetary System
title_sort fixing exchange rate of currency units within the frames of the effective monetary system
publisher Plekhanov Russian University of Economics
publishDate 2019
url https://doaj.org/article/dc5475e686ed46f68c84e2b65029c11f
work_keys_str_mv AT yuakropin fixingexchangerateofcurrencyunitswithintheframesoftheeffectivemonetarysystem
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