On the World and Regional Currencies
The problem of pegging currencies of developing countries to the US dollar is that its dynamics determines the economic instability of most of such countries and the world economy as a whole. In this regard there is a need to find alternative variants of the global monetary anchor to ensure the g...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
PH "INZHEK"
2016-05-01
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| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-167_172.pdf |
| _version_ | 1797332157649125376 |
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| author | Rohach Fedir I. |
| author_facet | Rohach Fedir I. |
| author_sort | Rohach Fedir I. |
| collection | DOAJ |
| description | The problem of pegging currencies of developing countries to the US dollar
is that its dynamics determines the economic instability of most of such
countries and the world economy as a whole. In this regard there is a need to
find alternative variants of the global monetary anchor to ensure the global
financial stability. It is proposed to choose an anchor based on the basket of
floating national currencies, which will be balanced by counter fluctuations
of the basket currencies and be stable with respect to the national currency,
as one of the variants. Such basket anchor can potentially perform the
function of money and be used as the world and regional currency. The article
presents the example of calculating the quotation of national currencies
against the baskets based on the data on G-20 and EAEU countries. |
| first_indexed | 2024-03-08T07:46:27Z |
| format | Article |
| id | doaj.art-01182722165640a59748ce5c13d54d4e |
| institution | Directory Open Access Journal |
| issn | 2222-0712 2311-1186 |
| language | English |
| last_indexed | 2024-03-08T07:46:27Z |
| publishDate | 2016-05-01 |
| publisher | PH "INZHEK" |
| record_format | Article |
| series | Problemi Ekonomiki |
| spelling | doaj.art-01182722165640a59748ce5c13d54d4e2024-02-02T16:05:38ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862016-05-012167172On the World and Regional CurrenciesRohach Fedir I. 0Candidate of Sciences (Economics), PJSC “State Savings Bank of Ukraine”The problem of pegging currencies of developing countries to the US dollar is that its dynamics determines the economic instability of most of such countries and the world economy as a whole. In this regard there is a need to find alternative variants of the global monetary anchor to ensure the global financial stability. It is proposed to choose an anchor based on the basket of floating national currencies, which will be balanced by counter fluctuations of the basket currencies and be stable with respect to the national currency, as one of the variants. Such basket anchor can potentially perform the function of money and be used as the world and regional currency. The article presents the example of calculating the quotation of national currencies against the baskets based on the data on G-20 and EAEU countries.http://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-167_172.pdfcurrencydollarbasket |
| spellingShingle | Rohach Fedir I. On the World and Regional Currencies Problemi Ekonomiki currency dollar basket |
| title | On the World and Regional Currencies |
| title_full | On the World and Regional Currencies |
| title_fullStr | On the World and Regional Currencies |
| title_full_unstemmed | On the World and Regional Currencies |
| title_short | On the World and Regional Currencies |
| title_sort | on the world and regional currencies |
| topic | currency dollar basket |
| url | http://www.problecon.com/export_pdf/problems-of-economy-2016-2_0-pages-167_172.pdf |
| work_keys_str_mv | AT rohachfediri ontheworldandregionalcurrencies |