A Model of Economy Operation Under Currency Market Rate

被引:0
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作者
B. B. Dunaev
A. A. Lyubich
机构
[1] Academy of Financial Management,
来源
关键词
economy; market; demand; supply; equilibrium; money; currency; banking system; interest rate; foreign exchange market; exchange rate; crisis; inflation;
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摘要
A model of functioning of an open economy with a currency market is presented. It allows determining macroeconomic indicators in the medium term with the Central Bank monetary regulation of the amount of money in circulation, interest rates, and the ratio of cash to demand deposits and under governmental regulation of reproduction of the capital available in production. The currency rate is determined by the function that is directly proportional to monetary inflation and real consumer demand and is inversely proportional to the currency intervention of the Central Bank and transactions.
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页码:126 / 138
页数:12
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