Prevailing of reserve currencies in the international financial credit relations
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 6, Issue
Abstract
Introduction. In the conditions of present time a bipolar world currency market has appeared with the clearly certain competition of two international currencies that provide implementation of international obligations. Purpose. Taking into account foregoing, the aim of researches in this work is determination of basic advantages of reserve currencies and description of factors of the influence on their size. Results. One of the important elements of the currency system is the rate of exchange, that is the reflection of currency cost of one country in currency of the other state, comes forward. The level of exchange influences rate greatly the competitiveness of national products in the world market, foreign trade and motion of the capitals. For this reason the main function of the rate of the exchange consists in that it is a very important criterion of efficiency of the external economic exchange and system influences the row of macroeconomic indexes. Both the external and internal factors influence on the size of rate of exchange. In the world practice for the estimation of the competitiveness of that or the other currency use the row of the indexes, such as: the amount of the currency involved in the international trade operations, specific gravity of currency that is in international currency backlogs and the level of the participation of currency at the implementation of the external debt obligations. Conclusion. A status of the reserve currency extends economic feasibilities of the state (a financial market stabilizes it, carries out on opposition of the foreign pressure on the currency), that is why most countries are aim at setting their own national currencies as the reserve ones, and also examine some possibilities of the creation of new regional currencies. Therefore it is worth to take into account the prospects of the creation of the new currency zones, which can lay down a competition to dominant for today reserve currencies the basic tasks of that will be support of competitiveness of regional economies and opposition to world globalization, will become in the future.
Authors and Affiliations
Olena Volodymyrivna Petrushka
Keywords
Related Articles
- EP ID EP530468
- DOI -
- Views 50
- Downloads 0
Methodical approach to selection of the retructurization scheme in the financial liability system management system
The methodical toolkit for choosing restructuring schemes in the system of management of financial debt obligations is considered. Based on the hierarchy analysis method, a comparison of methods for restructuring financi...
Trading supplement as a mechanism of trading enterprise management
The article analyzes the theoretical principles of managing the income of a trade enterprise as a source of ensuring its manage-ment efficiency, as well as developing the definition of the essential characteristics of th...
Effective health protection as an component of sustainable social development
In the article based on the research of program documents and scientific sources, the place of effective health care in the system of elements of sustainable social development is substantiated. The relationships between...
Essence and peculiarities of classification of marketing strategies
Introduction. Marketing strategies today are central to competition. In today's realities of the Ukrainian economy, every enterprise tries to maximize profits and promote effective marketing activities. That is why the a...
Export potential as a complex of general economic potential of the country
Introduction. The importance of exports as a basis for solving the problems of competitiveness and support for national production has increased significantly since the beginning of the XXI century. In the conditions of...