Introduction of Full Convertibility of National Currency: Problems of Theory and Practice

2005 ◽  
pp. 61-71 ◽  
Author(s):  
A. Navoi
Keyword(s):  
Transition Economies ◽  
International Experience ◽  
Theory And Practice ◽  
National Currency ◽  
Russian Economy ◽  
Advanced Economies ◽  
Additional Income

The article is devoted to actual questions of introducing convertibility of the ruble. The structure and definitions of convertibility are considered. On the basis of the international experience the economic essence of convertibility as a source of additional income of the states-emissioners is revealed. The sequence of stages of convertibility in advanced economies is presented, basic problems of introducing convertibility in developing as well as in transition economies are studied. The experience of transition to convertibility of the ruble and corresponding consequences for the Russian economy are analyzed.

National Currency Appreciation and Growth of the Russian Economy

2004 ◽  
pp. 95-111
Author(s):  
T. Zolotoukhina
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Capital Flows ◽  
National Currency ◽  
Economic Factors ◽  
Exchange Market ◽  
Russian Economy ◽  
Macroeconomic Indicators

The problem of interaction between Russian currency appreciation and positive dynamics of macroeconomic indicators is studied. Main economic factors of ruble appreciation are analyzed. Consequences of the Russian Central Bank's policy directed to oppose ruble appreciation and problems in financial area due to the increase of money supply through the exchange market are considered. Influence of exchange rate appreciation on economic growth, inflation, export, import, capital flows are discussed. It is concluded that Russian ruble appreciation stimulates an increase in efficiency of the Russian economy.

Electronic Democracy in Theory and Practice

2013 ◽  
pp. 84-96
Author(s):  
T. Rovinskaya
Keyword(s):  
International Experience ◽  
The State ◽  
Theory And Practice ◽  
Political Decision ◽  
State Institutions ◽  
The Public ◽  
Theory To Practice ◽  
Electronic Democracy ◽  
Technological Base ◽  
Decision Taking

The article considers the phenomena of e-democracy in its development from theory to practice. The following issues are covered: existing concepts of electronic citizens’ participation in political decision-taking, e-government as a form of open interaction of the state institutions with the public, technological base and international experience of using the mechanisms of e-democracy.

scholarly journals RUSSIAN ECONOMY: WHAT IS NOT ENOUGH FOR THE DEVELOPMENT OF INDUSTRIES AND ENTERPRISES

2021 ◽  
pp. 125-133
Author(s):  
A. V. Yaschenko
Keyword(s):  
Theory Of The Firm ◽  
The State ◽  
Point Of View ◽  
Theory And Practice ◽  
High Tech ◽  
State Budget ◽  
Investment Activity ◽  
Russian Economy ◽  
The Government ◽  
Main Thing

The article attempts to assess the results of the development of the Russian economy from the moment of privatization to the present. The urgency of the problem lies in the fact that, despite significant resources, including human capital, the economy is stagnating, there are no structural reforms, and high-tech companies do not appear. The main thing is not creating conditions for business development on the principles of self-organization: entrepreneurship, initiative, personal competence and investment. Reforming the socio-economic system of the USSR has no historical analogue, and is perceived as a unique practice of testing some theoretical positions and hypotheses that guided researchers and entrepreneurs in the framework of a market economy, for example, the theory of market equilibrium, theory of the firm, theory of preferences, and others. Russia has demonstrated a kind of phenomenon, both from the point of view of theory and practice of market transformations, when it is not entrepreneurship, not the investment activity of business and the population, but the narrowly selfish interests of persons affiliated with the government, began to determine market processes, such an economy was called the «economy of individuals», And in the case of a direct focus on the state budget,» the economy of the distribution». The transformations could be based on the market experience of a large number of countries, both developed and developing (China), this has not been done. Time was lost on the creation of new jobs; in the industrial orientation of the state, there were no priorities for the development of important industries for national competitiveness. As a result, the economic growth was lost.

scholarly journals FINANCIAL SUSTAINABILITY OF THE SOVEREIGN DEVELOPMENT AND INVESTMENT FUND (SDIF), BETWEEN THEORY AND PRACTICE

2019 ◽  
Vol 11 (2) ◽  
pp. 21-27
Author(s):  
Cristian PARASCHIV ◽  
◽  
Cosmin TILEAGĂ ◽  
Keyword(s):  
North Sea ◽  
Theory And Practice ◽  
Financial Sustainability ◽  
Investment Fund ◽  
Development Fund ◽  
The North ◽  
Long Run ◽  
The North Sea ◽  
European Projects ◽  
Additional Income

Theoretically and virtually, the investment and development fund projects and their activity prove to be sustainable in the long run, for example in Norway, where the additional income from the exploitation of natural resources in the North Sea is accumulated in an investment and development fund. In this case, it is about a revenue surplus that has been estimated to be accumulated and multiplied. The project to establish a sovereign investment fund in Romania, which is based on an initially subscribed share capital, mainly constituted by contribution in kind, that is from participations held by the Romanian State in certain companies, underlines both theoretically and virtually, major differences compared to the Norwegian model and even to other European projects developed in this area.

De-offshorization of Economy: International Experience and Russian Specifics

2013 ◽  
pp. 29-48 ◽  
Author(s):  
B. Kheyfets
Keyword(s):  
Economic Development ◽  
System Approach ◽  
Federal Budget ◽  
International Experience ◽  
International Community ◽  
Economic Security ◽  
Russian Economy ◽  
National Economic ◽  
Social And Economic Development

The article shows the excessive role of offshores in Russia, which influence many sides of social and economic development of the country. Undertaken and outlined measures for solving problems of de-offshorization of the Russian economy taking into account new tendencies in anti-offshore policy of the international community in general and certain countries in particular in 2009—2013 are characterized. The necessity of system approach to de-offshorization problem is proved, specific actions in this area which can significantly increase federal budget revenues and strengthen national economic security are also offered.

Reforming Natural Monopolies: Theory and Practice

2006 ◽  
pp. 102-121 ◽  
Author(s):  
M. Deryabina
Keyword(s):  
Transition Economies ◽  
Public Private Partnership ◽  
The State ◽  
Natural Monopoly ◽  
Theory And Practice ◽  
Private Partnership ◽  
Theoretical Approaches ◽  
Role Of The State

The article deals with the new theoretical approaches to natural monopoly. It describes essential features of the appropriate branches of economy. The role of the state in the regulation of natural monopolies in the developed and transition economies is also analyzed. The author compares the advantages and shortcomings of various institutional alternatives of organization of natural monopolies functioning as well as the perspectives of public-private partnership in this sphere. Special attention is paid to the analysis of Russian natural monopolies reforms.

Eco-City Rebuilding and Reformation: International Development and Implications in China

2012 ◽  
Vol 524-527 ◽  
pp. 2777-2785
Author(s):  
Ling Xiang Huang ◽  
Bi Bo He
Keyword(s):  
International Development ◽  
International Experience ◽  
Theoretical Background ◽  
Theory And Practice ◽  
General Process ◽  
City Construction

There are two modes of eco-city construction: rebuilding new cities and reforming present cities. The international eco-city theory and practice of both modes are summarized according to their theoretical background, practice cases, and limitations. After introducing the cases of rebuilding and reforming eco-cities in China, the authors discuss the problem of Chinese reference to the international experience, including the restriction in use and the rejection of some goals. Finally, the authors propose corresponding advices and analyze the general process in choosing the proper modes to build Chinese eco-cities.

scholarly journals On inflation in the Russian economy

2014 ◽  
pp. 153-157
Author(s):  
A. I. Bolonin
Keyword(s):  
Money Supply ◽  
Weight Control ◽  
Value Added ◽  
Global Market ◽  
National Currency ◽  
Lower Growth ◽  
Goods And Services ◽  
Monetary System ◽  
Russian Economy ◽  
Value Added Products

For the economy is very important to have the amount of money in circulation, sufficient to serve the movement of goods and services without generating inflation, indicating an excess of money, so matching the growth rate of monetary and commodity weight control is an important task of the monetary system in all countries. During the time of the gold standard and bimetallism regulation of the economy as a whole was not considered as an important macroeconomic problem. But the economic crisis of 1929 - 1933 forced to reconsider these views and problems of regulation of financial and credit sphere began to be perceived as a function of a stable level of production and employment. The article describes the monetary factors of inflation in the economy and describes the causes, which can lead to programming of monetary growth in the Russian Federation. As the first group of factors impact on the volume of money in circulation in the national economy, the author defined low value added products produced in the country, based on the external market, and the absence, so the room for maneuver of financial resources to stabilize budget revenues with a deterioration in global market conditions. The weakening of the national currency provides large ruble revenues from exports, which reduces the growth of the budget deficit. But the decline of import revenues, which can compensate for the devaluation of the national currency, leads to higher prices in the domestic market due to the prevalence it offers imported goods. The second group of factors linked to the credit activity of banks, which consists in increasing primary issue in lending importers and secondary, which occurs during the formation of foreign exchange reserves by the Bank of Russia. Result of credit activity of banks is to increase money supply growth and the discrepancy between the higher growth of money in circulation and lower growth rates actually created in the production of value added, which leads to the weakening purchasing power of money and rising prices. Each reason has a direct impact on money supply growth and inflation initiates.

scholarly journals The Real Exchange Rate Fluctuations Puzzle: Evidence For Advanced And Transition Economies

2011 ◽  
Vol 2 (10) ◽  
Author(s):  
Amalia Morales-Zumaquero
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Real Exchange Rate ◽  
Transition Economies ◽  
Real Exchange Rates ◽  
The Real ◽  
Exchange Rate Fluctuations ◽  
Traded Goods ◽  
Advanced Economies ◽  
Nominal Shocks

This paper tries to analyze the sources of the real exchange rate fluctuations for a set of advanced economies and Central and Eastern European transition economies. To address this, in a first step, we compute two measures of the share of the variance of the real exchange rate accounted for movements in the relative prices of traded goods between the countries. One measure is based on R2 coefficient and the other one is based on the mean-squared error (MSE) of the changes in the real exchange rate. In a second step, we estimate structural (identified) vector autoregression (SVAR) models, and decompose real and nominal exchange rate movements into those caused by real and nominal shocks. In a third step, we complete previous ones with an impulse-response analysis. Three central messages are derived from results: (1) for transition economies, under regimes of managed nominal exchange rates, the relative price of non-traded goods explain a large percentage of the variance of the real exchange rate; (2) there is evidence of instability in the variance decomposition of the real exchange rates for advanced economies across samples, and (3) as result of diverse fiscal and monetary policies in transition economies, real exchange rates in some economies are driven mostly by real shocks while in others are driven mostly by nominal shocks.

Sign in / Sign up

Export Citation Format

Share Document