The problems of using the modern money-nongoods theory in practice
DOI:
https://doi.org/10.33987/vsed.1(60).2016.255-266Keywords:
money-nongoods, usefulness of goods, the functions of modern money-nongoods, the essence of price, exchange rate, loan interest, interest rateAbstract
The article is devoted to theoretical problems of money, which lost its relationship with gold, the price scale and its commodity nature. It was analyzed the nature and function of modern money that appeared after the demonetization of gold and its differences from commodity money are analysed. It was substantiated that today’s money – this is money-non-goods, having non of the features inherent to a product. In addition, unlike the goods, today’s money-nongoods has no value as a monetary expression of the value of goods, making debatable consideration of exchange rate, loan interest and its norms as the price of money. The solution of this problem will allow the central bank to develop scientifically grounded monetary policy, aimed at improving the efficiency of the use of modern credit money-non-goods in practice
References
«The USA monetary unit» [Denezhnaya edinitsa SSHA], available at: http://www.prostobankir.com.ua/spravochniki/dengi/dollary_ssha/denezhnaya_edinitsa_ssha (rus)
«How the USA dollars are made» [Kak proizvodyat dollary SSHA], available at: http://www.fresher.ru/2015/01/02/kak-proizvodyat-dollary-ssha (rus)
Shchetinin, А. І. «Money and credit» [Dengi i kredit], available at: http://uchebnikionline.com/finansu/groshi_ta_kredit_-_schetinin_ai/paperovo-groshovi_sistemi.htm (ukr)
Savluk, M. І., Moroz, А. М., Lazepko, І. М. (2006), Money and credit. Ed. by M. I. Savluk [Groshi ta kredyt; za red. M. I. Savluka], КNЕU, Кyiv, 744 p. (ukr)
Money, credit, banks. Ed. by O. I. Lavrushin (1998) [Dengi, kredit, banki; pod. red. O. I. Lavrushina], Finance and Statistics, Мoscow, 448 p. (rus)
Krasavina, L. N. (2001), «The money problems in economic science» [Problemy deneg v ekonomicheskoi nauke], Money and Credit, No. 10, pp. 3–6 (rus)
Мishchenko, S. V. (2011), Modern problems of the theory of money and money circulation [Sovremennye problemy teorii deneg i denezhnogo obrashcheniya], Research Center of the National Bank of Ukraine. University of Banking, Кiev, 230 p. (rus)
McConnell, K. R., Brew, S. L. (1992), Economics: principles, problems, and policies: in 2 vol. Trans. from Eng. [Ekonomiks: printsipy, problemy i politika; per. s angl.], Respublika, Мoscow (rus)
Dolan, E. J., Campbell, K. D., Campbell, R. J. (1991), Money, banking and monetary policy. Trans. from Eng. [Dengi, bankovskoe delo i denezhno-kreditnaya politika; per. s angl.], Profiko, Мoscow, Leningrad, 448 p. (rus)
Мiller, R. L., Van-Huz, D. D. (2000), Modern money and banking. Trans. From Eng. [Sovremennye dengi i bankovskoe delo; per. s angl.], INFRA-М, Мoscow, 824 p. (rus)
Мishkin, F. (1999), Economic theory of money, Banking and financial markets. Trans. from Eng. [Ekonomicheskaya teoriya deneg, bankovskogo dela i finansovykh rynkov; per. s angl.], Аspekt-press, Мoscow, 818 p. (rus)
Chelnokov, V. A. (2010), «To the question about the essence, the functions and the role of modern money» [К voprosu o sushchnosti, funktsiyakh i roli sovremennykh deneg], Money and Credit, No. 5, pp. 68–70 (rus)
Samuelson, P. (1964), Economics. Trans. from Eng. [Economika; per. s angl.], Progress, Мoscow, 496 p. (rus)
Raikhlin, E. (1999), The bases of economic theory [Оsnovy ekonomicheskoy teorii], Science, Мoscow, 365 p. (rus)
Маrx, К. (1970), Capital: in 3 vol. [Каpital], Publishing House of Political Literature, Moscow (rus)
Galchinsky, A. (1998), Theory of money [Teoriia hroshei], Оsnovy, Кyiv, 415 p. (ukr)
Money and credit (2000). Ed. by B. S. Ivasiv [Dengi i kredit; pod. red. B. S. Ivasiva], Kart-blansh, Ternopol, 510 p. (rus)
Dziubliuk, O. V. (2000), The formation of money-credit relations in a society under conditions of the market reformation of economy [Orhanizatsiia hroshovo-kredиtnykh vidnosyn suspilstva v umovakh runkovoho reformuvannia ekonomiki], Poligrafkniga, Кyiv, 511 p. (ukr)
Ivanov, V. M. (1999), Money and credit [Dengi i kredit], МАUP, Кiev, 230 p. (rus)
Kashin, Yu. I. (2002), «To the question about money modification» [K voprosu o modifikatsii deneg], Money and Credit, No. 1, pp. 64–66 (rus)
Kosoy, A. M. (2002), «Modern money» [Sovremennye dengi], Money and Credit, No. 6, pp. 42–54 (rus)
The general theory of money and credit (1995). Ed. by E. F. Zhukov [Оbshchaya teoriya deneg i kredita; pod. red. Е. F. Zhukova], Bаnks and exchanges, UNITI, Мoscow, 304 p. (rus)
«The paper money of Russia» [Bumazhnye dengi Rossii], available at: http://bummoney.narod.ru/izgotovl.html (rus)
Riabinina, L. N. (2013), «The role of the gold and modern money in economic development of the country» [Rol zolota i suchasnykh groshei v ekonomichnomu rozvytku krainy], Bulletin of the National Bank of Ukraine, No. 6, pp. 60–65 (ukr)
Tugan-Baranovskiy, M. I. (1919), The paper money and the metal [Bumazhnye dengi i metall]. Russian Culture, Оdessa, 132 p. (rus)
Bоrinets, S. Ya. (2008), International currency-financial relations [Mіzhnarodni vаliutno-finansovi vidnosyny], Znannia, Кyiv, 582 p. (ukr)
Bregel, Е. Ya. (1973), Money circulation and credit in capitalist countries [Denezhnoe obrashchenie i kredit kapitalisticheskikh stran], Finance, Мoscow, 376 p. (rus)
Vovchak, O. D., Rushchishin, N. M., Andreikiv, T. Ya. (2008), Credit and banking [Kredit i bankivska sprava], Znannia, Кyiv, 564 p. (ukr)
Money and credit (2005). Ed. by L. V. Kuznetsova [Dengi i kredit; pod. red. L. V. Kuznetsovoy], VMV, ONEU, Odessa, 302 p. (rus)
Money, credit, banks (2004). Ed. by G. N. Beloglazova [Dengi, kredit, banki; pod. red. G. N. Beloglazovoy], Yurait-Izdat, Мoscow, 620 p. (rus)
Krasavina, L. N., Alibegov, Т. I., Byliniak, S. А. and other (1994), International currency-kredit and financial relations. Ed. by L. N. Krasavina [Mezhdunarodnye vаlyutno-kreditnye i finansovye otnosheniya; pod. red. L. N. Krasavinoy], Finance and statistics, Мoscow, 592 p. (rus)
Panchishin, Z. V. (2001), Macroeconomics [Макroekonomika], Lybid, Кyiv, 616 p. (ukr)
Yushchenko, V. A., Мishchenko, V. I. (1999), Regulation of the currency [Valiutne rehuliuvannia], Кyiv, Znannia, 359 p. (ukr)
Downloads
Published
Issue
Section
License
Copyright (c) 2016 Socio-Economic Research Bulletin
This work is licensed under a Creative Commons Attribution 4.0 International License.