Conceptual Framework for Monetary System in Modern Economy

M.O. Kuzheliev

Abstract


The problems of the functioning of financial systems in different models of economic development are studied. The analysis of alternative directions of the monetary systems and their ability to achieve certain economic and social priorities is made. The effectiveness of monetary systems in the context of their ability to ensure stability of the national currency and its use in various models of economics is considered. To understand the effectiveness of the monetary system we have analysed central banks activities to ensure their stability in different types of economic systems and using monetary factors for economic growth and social priorities in constant transformation of society.


Keywords


monetary system; the model of economic development; stability; efficiency; money

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DOI: https://doi.org/10.15421/40260608

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