MODEL OF THE OPTIMUM EXCHANGE RATE
https://doi.org/10.21686/2413-2829-2015-1-117-134
Abstract
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.
About the Authors
Vladimir P. Semenov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Economics, Professor of the Department for Higher Mathematics of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
Yuriy P. Soloviev
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Economics, Professor of the Department for Mathematic Methods in Economy of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
Evgeniya V. Gorshkova
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
PhD, Senior Lecturer of the Department for Insurance and Risk Management of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
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Review
For citations:
Semenov V.P., Soloviev Yu.P., Gorshkova E.V. MODEL OF THE OPTIMUM EXCHANGE RATE. Vestnik of the Plekhanov Russian University of Economics. 2015;(1):117-134. (In Russ.) https://doi.org/10.21686/2413-2829-2015-1-117-134
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