INVESTIGATION OF THE PROSPECT OF USING INDEXING CONVENTIONAL UNITS IN THE NATIONAL ECONOMY

Aleksandr Zarichuk

Abstract


The influence of inflationary and deflationary processes on the determination of the fair value of goods and services is studied in the article. It is established that as a result of changes in the value of money over time, national currencies are not able to effectively perform the function of a measure of value for a long time. In conditions when gold ceased to be the standard of value measurement and became a commodity, in developing countries, the function of the measure of value is taken over by the currencies of countries with more powerful economies. A consequence of this is the strengthening of dollarization and activation of devaluation processes of weaker and open national economies. With the aim of eliminating these problems, determining the fair and real value of goods and services for a long time, it is proposed to introduce a single indexing of a conventional monetary unit. The domestic and foreign experience in implementing the relevant mechanisms has been studied, and recommendations have been made for their testing and implementation within the national economy.

Keywords


inflation; measure of value; fair value; dollarization of the economy; indexing conventional monetary unit

Full Text:

PDF

References


Mamaluj, O. O., Grycenko, O. A., Gryshhenko, L. V., Darnopyh, G. Yu. (2003). Osnovy ekonomichnoyi teoriyi. Kyiv: Yurinkom Inter, 480.

Food and Agriculture Organization (2015). Report of the expert consultation Meeting on Food losses and Waste Reduction in the near east Region. Available at: http://www.fao.org/

Food and Agriculture Organization (2016) Global food losses and food waste - extent, causes and prevention. Rome, 37. Available at: http://www.fao.org/docrep/014/mb060e/mb060e.pdf

Regional Overview of Food Insecurity Near East and North Africa (2015). 32. Available at: www.fao.org/3/a-i4644e

Food, beverage and agriculture industry in sights. Available at: http://www.gecapital.com.au/knowledge-hub/2014/food-and-beverage-industry/food-beverage-and-agriculture-industry-insights.pdf

Kozak, Yu. G., Logvynova, N. S., Rzhepishevsko, K. I. (2005). Osnovy mizhnarodnoyi torgivli. Kyiv: Centr navchalnoyi literatury, 656.

Novyczkyj, V. Ye. (2003). Mizhnarodna ekonomichna diyalnist Ukrayiny. Kyiv: KNEU, 948.

Oficijnyj sajt OON. Available at: http://www.un.org

World trade report 2014 (2014). Available at: https://www.wto.org/english/res_e/booksp_e/world_trade_report14_e.pdf

United nations, department of economic and social affairs – Population division, 2015 (2015). Available at: http://www.un.org/en/development/desa/population/




DOI: http://dx.doi.org/10.21303/2504-5571.2017.00518



Copyright (c) 2017 Aleksandr Zarichuk

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN 2504-5571 (Online), ISSN 2504-5563 (Print)