Open AccessTHE ECONOMIC NATURE OF MODERN MONEY
Author(s) -
А. В. Бердышев
Publication year - 2019
Publication title -
vestnik universiteta
Language(s) - English
Resource type - Journals
eISSN - 2686-8415
pISSN - 1816-4277
DOI - 10.26425/1816-4277-2019-5-167-174
Subject(s) - order (exchange) , market liquidity , monetary base , economics , mechanism (biology) , digital currency , digital economy , monetary economics , electronic money , business , commerce , monetary policy , finance , computer science , payment , currency , philosophy , epistemology , world wide web
The evolution of forms and types of money has been сonsidered. The features of the economic nature and the issue of modern credit money have been determined. Based on the study of the mechanism of providing liquidity in order to refinance commercial banks in various countries, the features of forming the monetary base and, accordingly, the emission mechanism in the modern economy have been identified. The specificity of the formation of the monetary base of the Bank of Russia at various stages of development of the Russian economy has been defined. Special attention has been paid to the study of the economic nature of emerging in the conditions of development of digital technologies of electronic money and virtual currencies.