Theme 2. Monetary circulation

Competence to be formed: ОК-1;ОК-4;ОК-5;ОК-9;ОК-12;PK-1;PK-2; PK-4; PK-7; PK-9; PK-13

Results of development:

To know:

1) Laws of process of creation of money

2) the Factors influencing processes of monetary circulation;

3) monetary circulation Laws. Kinds of monetary issues and monetary units;

4) Essence of a monetary turn;

5) essence of the monetary animator.

Be able:

1) to analyze on the basis of the data about characteristics and indicators of activity of the Central Bank in the field of a currency issue about a monetary circulation condition;

2) to carry out search and information processing in preparation of independent work on the monetary policy of the Central Bank;

3) to analyze influence of various aspects of a monetary and credit policy on a monetary circulation condition

Possess:

1) the Is standard-legal base regulating activity of the Central Bank in the field of monetary circulation and a monetary and credit policy;

2) Methodology of the analysis of indicators of monetary circulation;

3) Skills of the analysis of mechanisms of influence of a policy of the Central Bank on a monetary circulation condition.

Educational methods:

Lectures – 2 hours

Practical training – 4 hours

Independent work – 4 hours

Forms of current control - Poll, the decision of problems, testing

Process of creation of money in economy.Two stages of process of creation of money in economy. The first stage: creation by the central bank of monetary base. Credits of the Central Bank to the government, commercial banks, economy, foreign countries. Increase in official gold and exchange currency reserves of the Central Bank. Monetary base as the sum of cash in circulation and obligatory reserves of commercial banks in the Central Bank. The second stage: creation by credit-bank system of monetary weight. Monetary weight as the sum of the rests on depositary accounts of credit system, credits of the Central Bank to credit system and a cash in circulation. Concept and essence of credit issue of the central bank. Commercial banks as agents of the central bank in a monetary and credit policy. The monetary animator as the relation of monetary weight to monetary base. The credit animator. The factors influencing sizes of monetary and credit animators.

Monetary units.Measuring instruments of monetary weight. Monetary units for date and for the period. Concept of liquidity of financial (monetary) actives. Interrelation of liquidity and time. Absolute liquidity. Construction of monetary units in system of coordinates of liquidity and time. Cash in circulation. Unit M0. Monetary units M1, М2, М3, М4, …, Мn. Structure of monetary units. Concept of cumulative monetary weight. Targeting of monetary weight in circulation as a method of regulation of monetary weight. Units from М0 to М2 as the basic macroeconomic indicators for definition of rates of inflation. The state as the emitter of money. The central bank as the authorized state institute on a currency issue. The factors influencing for the size of monetary issue.

Currency issue kinds.Depositary issue as increase in the Central Bank of the credit investments by crediting of bank system. Budgetary issue as a method of a covering of expenses or deficiencyThe state budget by means of purchase by the Central Bank the state securities. Bank issue and exchequer issue. Regulating issue as the tool of a monetary and credit policy of the Central Bank. The mechanism of realization of non-cash monetary issue. The reasons of non-cash issue. Issue of cash as exclusive monopoly of the central bank. Bank (the deposit-credit animator) and a method of its calculation. Quantity of steps of deposit-credit animation and norm of obligatory reservation as the factors defining size of factor of deposit-credit animation.

Monetary circulation. Cash-monetary circulation. The basic monetary streams in cash-monetary circulation. Balance of monetary incomes and expenses of the population and its structure. Regulation by the central bank of cash-monetary circulation. Features of regulation of cash-monetary circulation by Bank of Russia. The federal law «About the Central bank (Bank of Russia)» regarding cash-monetary circulation regulation. The settlement-cash centers. Reserve funds and turnaround cash desks. Sequence (algorithm) of moving of money in a cash-monetary turn. Non-cash monetary circulation. Kinds of non-cash money. Interrelation of cash and non-cash monetary circulation. A monetary turn as set of all payments in cash and non-cash forms for the certain period. Structure of a monetary turn. A payment, non-cash and cash-monetary turn. A payment turn as set non-cash and parts of the cash-monetary payments connected with payment. Non-cash monetary turn. Records on bank accounts and offsets of counterclaims. The Cash-monetary turn. Mechanisms of transition of money from one sphere of the reference in another. Factors of growth of a cash-monetary turn. Concept of payment system. The Central Bank as a regulator of stability, reliability and safety of payment system.

<== попередня сторінка	\|	наступна сторінка ==>
Theme 1. Concept, origin and essence of money	\|	Theme 4. Concept and basic elements of monetary systems

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