Currency strategy of constructivism in Kazakhstan
Journal: The Journal of International Economic Policy (Vol.2, No. 21)Publication Date: 2014-12-30
Authors : Zoryana Lutsyshyn; Inna Spivak;
Page : 117-137
Keywords : Currency strategy; constructivism strategy; currency mechanism; liberalization of foreign exchange market; currency regulation;
Abstract
The strategy of constructivism is one of the most efficient ones for the countries which stand at the intersection of interests of large players in the global economy. The modern currency reformation and principles of positioning of Kazakhstan could be a bright example of how the internal policy should be implemented to ensure the interests of a socially oriented state, including definitions of the currency mechanism. All measures and actions of the central bank and the government have always been weighted, consistent and foreseeable: the logic and economic substantiation have always been adhered to in the exchange rate policy at simultaneous liberalization of the foreign exchange market.
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Last modified: 2015-01-30 00:53:57