scholarly journals STABILITY OF THE NATIONAL CURRENCY AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF THE STATE

2021 ◽  
Vol 9 (2) ◽  
pp. 76-80
Author(s):  
Andrey Minakov ◽  
Elena Egorova
Keyword(s):  
Exchange Rate ◽  
Security Analysis ◽  
Economic Security ◽  
The State ◽  
National Currency ◽  
Goods And Services ◽  
Security Research ◽  
The Exchange Rate ◽  
The Stability ◽  
The Impact

At the present stage, the question of the stability of the national currency is beginning to take on particular relevance. Since its fluctuations have a certain impact on the financial market and, at the same time, on other sectors of the economy, since money itself is the only meter of the value of goods and services, the national currency becomes an important factor in the development of the national economy and its economic security. And given the current instability, the study of this issue will identify effective public policies that will be based on ensuring the country's economic security through the stability of the national currency, since without the elaboration of measures to ensure the sustainability of the national monetary unit it is impossible to achieve macroeconomic stability of the country. The main purpose of the article is to identify the impact of changes in the national currency on the economic development of the country in order to develop directions regarding the stabilization of the exchange rate, in order to minimize threats to economic security. Research methods: The work uses the dialectical-materialistic method of knowledge and general scientific, special and private-scientific methods based on it. In particular, the work uses logical, comparative, methods of analysis (namely statistical, etc.), synthesis. Results of the study: The article examines the main approaches to understanding the main factors influencing the formation of the national currency of its exchange rate, as well as the effects of changes in the exchange rate on the development of the state's economy and ensuring its economic security, analysis of statistical data of changes in the country's national currency. The conclusion is made about the existing problems and possible directions of solution. Applied value of the material: The article is of practical value as part of the search for directions to ensure the economic security of the state.

scholarly journals STABILIZATION OF THE NATIONAL CURRENCY RATE IN ENSURING ANTI-CRISIS DEVELOPMENT AND ECONOMIC SECURITY OF UKRAINE

2020 ◽  
Author(s):  
Oleksii Miroshnychenko ◽  
Keyword(s):  
Exchange Rate ◽  
Economic Security ◽  
National Currency ◽  
Purchasing Power ◽  
Consumer Prices ◽  
Monetary Unit ◽  
The Exchange Rate ◽  
The Stability ◽  
The Relationship ◽  
Theoretical Foundations

The results of the study of the reasons for the decrease in the value of the national currency of Ukraine - the hryvnia are presented. A study of the theoretical foundations, political aspects and economic patterns of the devaluation of the hryvnia. The dynamics of consumer prices and the exchange rate of hryvnia to foreign currencies during 1992-2020 is studied. An analysis of the dynamics of the purchasing power of the hryvnia and the exchange rate is given. The inflationary nature of the positive dynamics of Ukraine's GDP is proved. Conclusions on the relationship between inflation and devaluation are presented. The necessity of ensuring the stability of the monetary unit in order to ensure anti-crisis development and increase the level of economic security of Ukraine is proved.

scholarly journals Financial factors of stimulating consumer activity to achieve the goals of the country’s national economic security

2019 ◽  
Vol 27 (2) ◽  
pp. 338-352
Author(s):  
Alexander Ya Bystriakov ◽  
Elena M Grigorieva ◽  
Elena V Savenkova
Keyword(s):  
Exchange Rate ◽  
Price Index ◽  
Consumer Price Index ◽  
Food Products ◽  
Economic Security ◽  
Financial Factors ◽  
National Economic ◽  
The Exchange Rate ◽  
The Impact ◽  
National Economic Security

In the context of the sanctions regime, the development of the national economy of Russia should be viewed from the angle of national economic security. The modern sanctions regime has begun and is still based on financial restrictions and prohibitions, which affects the need for a specific monetary policy of the country. In this regard, an important aspect of achieving the goals of national economic security are financial factors. As a methodological approach, the paper uses a descriptive approach to assess the relationship between the impact of the different channels of the transmission mechanism (welfare channel, exchange rate pass-through) and economic variables such as consumer demand. The contribution to the consumer price index of each of the three components is estimated: index of food products, index of non-food products and index of paid services. The significance of the contribution of the index of food products is revealed, which is confirmed by the results of regression analysis of the dependence of consumer prices on the exchange rate. The paper proposes a combination of inflation targeting and industrial production targeting to achieve a more significant effect of monetary policy implementation in the conditions of the sanctions regime and for the purposes of national economic security. Also, taking into account the significant contribution of changes in the exchange rate to the consumer price index, it is proposed to pay more attention to the impact of the Bank of Russia on the exchange rate.

scholarly journals LEGAL MEANS AND INSTRUMENTS OF REGULATION ECONOMIC RELATIONS IN UKRAINE

2021 ◽  
pp. 45-50
Author(s):  
I.S. Pyroha ◽  
S.S. Pyroha
Keyword(s):  
Economic Development ◽  
Exchange Rate ◽  
Budget Deficit ◽  
Domestic Market ◽  
The State ◽  
Main Element ◽  
State Budget ◽  
Economic Relations ◽  
The Exchange Rate ◽  
The Stability

The paper investigates the most optimal forms and methods of legal influence on public relations in the field of economics. The absence of the main element of the economic mechanism – competition requires a proper assessment of the causes of existing problems, the right choice and the optimal set of means of influencing economic relations in order to accelerate the socio-economic development of Ukraine. Among the numerous legal problems of state regulation of the socio-economic sphere, two are identified, which are interdependent – ensuring the stability of the hryvnia exchange rate and increasing the share of goods of own production in the domestic market. To ensure the stability of the hryvnia exchange rate, the need to fix it for a long time with the establishment of an allowable range of fluctuations, in which the exchange rate changes in both directions with equal probability, is substantiated. The devaluation of the exchange rate should not be planned in the State Budget and used as a way to hide its actual deficit. The real budget deficit should be determined by the sum of the percentage of hryvnia devaluation and the percentage of the planned direct budget deficit. The hryvnia exchange rate should not be fixed in the State Budget, as such a provision of the law releases the National Bank of Ukraine from the constitutional obligation to ensure the stability of the hryvnia exchange rate provided for in Art. 99 of the Constitution of Ukraine. The means of maintaining a stable hryvnia exchange rate is to increase the share of goods / services of own production in the domestic market and to reach the minimum critical level of 50% within one or two years. To assess the achieved level, it is not necessary to use statistical indicators, but only the actual amounts of VAT contributed to the budget received from the sale of goods / services. Achieving the proposed level involves the transition to innovation and investment model of economic development. Two own sources of investment are proposed – the introduction of a new tax on exported capital and the forced legalization of capital exported from Ukraine earlier.

Exchange Rate of the Ruble: Status, Trends

Vestnik NSUEM ◽  
2021 ◽  
pp. 120-126
Author(s):  
Yu. S. Moroz
Keyword(s):  
Exchange Rate ◽  
Oil Prices ◽  
The State ◽  
Balance Of Payments ◽  
Oil Price ◽  
National Currency ◽  
Factors Affecting ◽  
Main Factors ◽  
The Impact ◽  
Significant Factors

The purpose is to determine the state of the ruble exchange rate, to identify the main factors affecting changes in the Russian ruble exchange rate in modern conditions. The opinions of domestic authors on the factors affecting the ruble exchange rate (balance of payments, inflation, oil price, coronavirus pandemic, unemployment) are considered. Among the most significant factors affecting the ruble exchange rate is the price of oil. The article studies the dynamics of the impact on the national currency rate of oil prices. Conclusions are made.

scholarly journals DEFENSE STATES «SAFETY» AND «ECONOMIC SECURITY»

2020 ◽  
Vol 2 (47) ◽  
pp. 139-146
Author(s):  
Levkovets N ◽  
Keyword(s):  
Negative Impact ◽  
Security Analysis ◽  
Economic Security ◽  
The State ◽  
Systematic Analysis ◽  
External Threats ◽  
Definition Of ◽  
The Individual ◽  
Constituent Elements ◽  
The Impact

The content of such categories as «security» and «economic security of the state» is analyzed in the paper, the existing approaches to their definition are considered. The essence of the economic security of the state as a state of the economy, for which stable and scientifically grounded methods of neutralizing the negative impact of internal and external threats are presented. The purpose of the article is to investigate the definition of «security» and «economic security» and to clarify its content. The object of the study is the concept of «security» and «economic security». Research methods - comparative and expert analysis, methods of historical, logical and systematic analysis. The analysis of the literature on the interpretation of economic security makes it possible to conclude that there is no consensus among economist scholars on the definition of its essence and constituent elements. Further development of market relations is impossible without studying the theoretical and methodological aspects of this problem and creating an effective mechanism for ensuring economic security, so the problem is to understand the essence of economic security and to clearly identify its constituent elements, as well as timely detection of the impact of negative threats-factors in order to create their own system economic security, which will help to avoid the devastating effects of the national economy and to ensure its competitiveness. In general agreement with the opinion of scientists, it should be emphasized that most authors, in defining the economic security of the state, only distinguish the interests of the individual, society and the state as a whole, while the interests of economic entities - enterprises that are the main link of the state's economy, are not given sufficient attention. Summarizing the opinion of economists, it can be noted that national economic security is a state of protection of interests and ties between individuals, enterprises and states against internal and external threats. KEYWORDS: SECURITY, DEFINITIONS, ECONOMIC SECURITY, ANALYSIS, CONCEPT, CONCEPTS, COMPOSITIONS, LEVELS.

The influence of inflation targeting on the pass-through effect of the exchange rate

2018 ◽  
pp. 70-84
Author(s):  
Ph. S. Kartaev ◽  
Yu. I. Yakimova
Keyword(s):  
Developing Countries ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Inflation Targeting ◽  
Policy Regime ◽  
Short And Long Term ◽  
The Exchange Rate ◽  
Pass Through ◽  
The Impact

The paper studies the impact of the transition to the inflation targeting regime on the magnitude of the pass-through effect of the exchange rate to prices. We analyze cross-country panel data on developed and developing countries. It is shown that the transition to this regime of monetary policy contributes to a significant reduction in both the short- and long-term pass-through effects. This decline is stronger in developing countries. We identify the main channels that ensure the influence of the monetary policy regime on the pass-through effect, and examine their performance. In addition, we analyze the data of time series for Russia. It was concluded that even there the transition to inflation targeting led to a decrease in the dependence of the level of inflation on fluctuations in the ruble exchange rate.

The long-run stability of a small, open economy under crawling peg regime

2002 ◽  
Vol 52 (1) ◽  
pp. 57-78
Author(s):  
S. Çiftçioğlu
Keyword(s):  
Exchange Rate ◽  
Open Economy ◽  
Risk Premium ◽  
Small Open Economy ◽  
Exchange Rate Policy ◽  
Price Stability ◽  
Output Stability ◽  
Long Run ◽  
The Exchange Rate ◽  
The Impact

The paper analyses the long-run (steady-state) output and price stability of a small, open economy which adopts a “crawling-peg” type of exchange-rate regime in the presence of various kinds of random shocks. Analytical and simulation results suggest that with the exception of money demand shocks, an exchange rate policy which involves a relatively higher rate of indexation of the exchange rate to price level is likely to lead to the worsening of price stability for all types of shocks. On the other hand, the impact of adopting such a policy on output stability depends on the type of the shock; for policy shocks to the exchange rate and shocks to output demand, output stability is worsened whereas for the shocks to risk premium of domestic assets, supply price of domestic output and the wage rate, better output stability is achieved in the long run.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Positive Impact ◽  
The State ◽  
Financial Security ◽  
State Budget ◽  
The Public ◽  
Debt Security ◽  
The Stability ◽  
The Impact

One of the main criteria for economic development is the size of the public debt and its dynamics. The article considers the impact of public debt on the financial security of Ukraine. The views of scientists on the essence of public debt and financial security of the state are substantiated. An analysis of the dynamics and structure of public debt of Ukraine for 2014-2019. It is proved that one of the main criteria for economic development is the size of public debt and its dynamics. State budget deficit, attracting and using loans to cover it have led to the formation and significant growth of public debt in Ukraine. The volume of public debt indicates an increase in the debt security of the state, which is a component of financial security. Therefore, the issue of the impact of public debt on the financial security of Ukraine is becoming increasingly relevant. The constant growth and large amounts of debt make it necessary to study it, which will have a positive impact on economic processes that will ensure the stability of the financial system and enhance its security.

To Study the impact of Gabbar Singh tax or Goods & services tax for Restaurant and Food Services Business in India

2019 ◽  
Vol 118 (12) ◽  
pp. 32-48
Author(s):  
Mr. Arun Gautam ◽  
Dr. Saurabh Sharma ◽  
CA Narendra Kumar Bansal
Keyword(s):  
State Level ◽  
The State ◽  
Assessment Framework ◽  
Food Services ◽  
Goods And Services ◽  
Single Tax ◽  
The Impact

GST that is Goods and Services Tax has been in compel since first July, 2017 and which is, in constrain on numerous countries globally and they all were thinking about it as their business assessment framework. The principle reason for GST is to realize single tax on products at both centre and the state level in the nation.

scholarly journals The Impact of Oil Price Shocks on National Income: Evidence from Azerbaijan

Energies ◽  
2021 ◽  
Vol 14 (6) ◽  
pp. 1695
Author(s):  
Shahriyar Mukhtarov ◽  
Sugra Humbatova ◽  
Mubariz Mammadli ◽  
Natig Gadim‒Oglu Hajiyev
Keyword(s):  
Exchange Rate ◽  
Oil Price ◽  
Gdp Per Capita ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Total Trade ◽  
Trade Turnover ◽  
Per Capita ◽  
The Exchange Rate ◽  
The Impact

This study investigates the influence of oil price shocks on GDP per capita, exchange rate, and total trade turnover in Azerbaijan using the Structural Vector Autoregressive (SVAR) method to data collected from 1992 to 2019. The estimation results of the SVAR method conclude that oil price shocks (rise in oil prices) affect GDP per capita and total trade turnover positively, whereas its influence on the exchange rate is negative in the case of Azerbaijan. According to results of this study, Azerbaijan and similar oil-exporting countries should reduce the dependence of GDP per capita, the exchange rate, and total trade turnover from oil resources and its prices in the global market. Therefore, these countries should attempt to the diversification of GDP per capita, the exchange rate, and other sources of total trade turnover.

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