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  • E-ISSN2288-2766
  • KCI

The Macroeconomic Analysis: the Main Results of Estimation of Monetary Indicators (on the Materials of Russia, the Countries of the Commonwealth of Independent States (CIS) and North-East Asia)

East Asian Journal of Business Economics / East Asian Journal of Business Economics, (E)2288-2766
2019, v.7 no.3, pp.13-48
https://doi.org/10.20498/eajbe.2019.7.3.13
Elena Nikolaevna Vyborova (economic sciences, professor Russia, Kazan, Tatarstan)

Abstract

Purpose - to analyses the monetary indicators and the key macroeconomic indicators and to assess the effectiveness of state regulation on its basis. The analysis of monetary aggregates of Russian Federation, CIS, the countries of leading countries of North-East Asia at the present stage of development. Research design, data, methodology - the volume of data on Russia was analyzed from the 1995 to the 2018. The data from the 1950 to the 2019 were estimated on China . The data from the 1980 to the 2018 were estimated on Japan . On South Korea - since the 1960 to the 2018. On Republic of Belarus - since the 2003 to the 2018. On Tajikistan – from the 2008 to 2017. On Kazakhstan – from the 1994 to the 2018 . On Kyrgyzstan - from the 2002 to the 2018. On Armenia - from the 2003 to the 2018. Results – Hypothesis 1: In Russian Federation the monetary stock has a stable tendency to grow. The volume of money stock of Russia and the analyzed countries is much determined by external debt, GDP, the export, the import, and the international reserves. Hypothesis 2: The growth of money supply does not always give a positive effect in the development of the country, as well as a significant increase in the amount of money stock does not always lead to negative consequences. The monetary stock should be commensurate with the macroeconomic indicators of the state.

keywords
monetary weight, monetary base, the regulation by monetary movement.

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East Asian Journal of Business Economics