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STABILIZATION OF MONETARY RELATIONS AS FACTOR OF STABLE DEVELOPMENT OF THE COUNTRY

Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 21)

Publication Date:

Authors : ;

Page : 186-189

Keywords : national monetary system; monetary reform; deflation; money;

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Abstract

The article studies the formation of monetary system and its influence on the economic processes and considers evolution of monetary reforms. The aim of research is theoretical substantiation of content of monetary reforms, complex analysis of monetary processes for the current condition of transformation processes. General scientific methods of perception and conceptual provisions of modern economic theories constitute the methodological base for the article. Scientific novelty of research lies in the complex research of monetary reforms in the country. Practical value of the received results consists in the possibility of their applying for the development of monetary and credit policy of NBU, as well as activities of executive structures. Conclusion: monetary reforms are necessary under the following circumstances: - change of state systems; - deep economic crises of financial system; - economic disturbances when money no longer perform their functions; - deepening of budget deficit and inflation processes; - devaluation of role of money, settlement and credit. In spite of the reasons preconditioning the necessity of monetary reform, this reform is aimed at making money the precise measurement instrument of expenses and results of social production so it constantly stimulates the economic interests of producers, is trustworthy, performs its functions and is protected from devaluation. The main aim of the reform is to extract the money from turnover.

Last modified: 2017-04-10 18:20:03