THE ECONOMIC MATHEMATICAL MODEL OF EXCHANGE RATE RELATIVE TO THE RESERVE CIRRENCY
Keywords:
model of economic management, exchange rateAbstract
The theme of “exchange rate” is the most discussed topic of Ukraine’s economy today. This is not surprising. The sharp depreciation of the national currency is the cause of the bankruptcy of banks and enterprises and the reduction the standard of living of the population. But does the official exchange rate correspond to the fundamental course? How can the fundamental course be calculated? The answers to these questions are addressed in this article.
The main factors affecting the fundamental exchange rate in the transient economies of the post-Soviet space are analyzed, a model of fundamental course and the results of calculations for the economies of Ukraine and Russia are presented, and the sources of information necessary for the construction of the model are indicated.
The executed study allows one to conclude that the official exchange rate in Ukraine is overstated now and affects negatively the economy.
References
Panilov M.A. Razvitie teorii valyutnogo kursa i evolyutsiya printsipov ego modelirovaniya [Development of the theories of exchange rate and the evolution of the principles of its modeling]. Audit i Finans. Analiz – Audit and Financ. Analysis, 2009, No. 4, pp. 261–284 [in Russian].
Balatskii E.V. Faktory formirovaniya valyutnykh kursov: plyuralizm modelei, teorii i kontseptsii [Factors of formation of exchange rates: the pluralism of models, theories, and conceptions]. Mir. Ekon. i Mezhdun. Otnosh. – World Economy and Intern. Relat., 2003, No. 1, pp. 46–59 [in Russian].
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