ANALYSIS OF TRENDS IN THE DEVELOPMENT OF THE RUSSIAN CURRENCY MARKET AND DIRECTIONS FOR ITS IMPROVEMENT

UDC 336.018 (045)
DOI: 10.36871/ek.up.p.r.2022.03.01.006

Authors

Sergey V. Senishin,
Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia; Federal Antimonopoly Service of the Russian Federation, Moscow, Russia

Abstract

The modern foreign exchange market of Russia, being part of the global financial market, has faced serious crisis phenomena associated with the deterioration of the political and socio-economic situation against the background of the coronavirus pandemic.
To solve the problems, the mechanisms defined by the Bank of Russia were put into effect, but these measures turned out to be completely insufficient. In this regard, it should be concluded that the development of the Russian foreign exchange market requires new approaches and sustainable models aimed at stabilizing its functioning and development in the future.
The purpose of the study is to develop proposals and recommendations for improving the foreign exchange market based on the analysis of the dynamics of its indicators.
Research tasks: to analyze trends in the development of the world currency market; submit author's proposals and recommendations aimed at improving the dynamics of the development of the foreign exchange market.

Keywords

foreign exchange market, foreign exchange intervention, exchange rate, model, pandemic, indicator, trigger