Methodological approach to assessing the development of the Russian currency market
https://doi.org/10.34020/2073-6495-2023-2-112-122
Abstract
The relevance of this study is related to the need to determine the main directions for the development of the Russian foreign exchange market and assess its state. Financial globalization integrates the national currency markets of countries into a single geo-economy, any economic crisis that arises in this system can acquire a worldwide scale, in this regard, and assessing the prospects for the development of the Russian currency market is a very urgent problem today. The insufficient development of the theoretical foundations for the development of the foreign exchange market makes it relevant to systematize the conceptual foundations for the development of the foreign exchange market and form a comprehensive methodological approach to its assessment. As a rule, economists study the state of the foreign exchange market through the dynamics of the exchange rate (real and nominal), while not taking into account other aspects of the functioning of the foreign exchange market (the volume of foreign exchange transactions, foreign exchange market participants, the number of foreign exchange accounts, the state of the country’s external debt, the size of gold and foreign exchange reserves, having correspondent accounts with foreign banks). The article discusses a methodological approach to assessing the development of the Russian foreign exchange market, which includes several stages. A methodology is proposed for assessing the development of the Russian foreign exchange market, which allows one to study indicators at two levels.
About the Authors
A. I. Shmyreva
Novosibirsk State University of Economics and Management
Russian Federation
Russian Federation
Alexsandra I. Shmyreva – Doctor of Economics, Professor, Department of Financial Market
and Financial Institutions,
Novosibirsk
Yu. S. Moroz
Новосибирский государственный университет экономики и управления «НИНХ»
Russian Federation
Russian Federation
Yuliya S. Moroz – Postgraduate student, Department of Financial Market and Financial
Institutions,
Novosibirsk
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Review
For citations:
Shmyreva A.I., Moroz Yu.S. Methodological approach to assessing the development of the Russian currency market. Vestnik NSUEM. 2023;(2):112-122. (In Russ.) https://doi.org/10.34020/2073-6495-2023-2-112-122
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