Modern Challenges of Monetary Policy Strategies: Inflation and Devaluation Influence on Economic Development of the Country

Academy of Strategic Management Journal, 18(4), 1-10.

10 Pages Posted: 1 Jun 2020 Last revised: 2 Oct 2020

See all articles by George Abuselidze

George Abuselidze

Batumi Shota Rustaveli State University

Date Written: 2019

Abstract

The article discusses causes and socio-economic peculiarities of one of the most difficult and undesirable condition for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and its influence on welfare of each citizen. In the article are discussed main models of anti-inflation regulation, as well as foreign experience of monetary regulation of inflationary processes and is an evaluated possibility of their use in Georgia. The National Bank monetary regulation effectiveness is assessed and recommendations have been developed.

Keywords: Inflation, Devaluation, Monetary Policy, Welfare, Economical Activity, Economic Development

JEL Classification: E31, E42, E52, E58, E63, I31, O23, O42

Suggested Citation

Abuselidze, George, Modern Challenges of Monetary Policy Strategies: Inflation and Devaluation Influence on Economic Development of the Country (2019). Academy of Strategic Management Journal, 18(4), 1-10., Available at SSRN: https://ssrn.com/abstract=3591723

George Abuselidze (Contact Author)

Batumi Shota Rustaveli State University ( email )

Ninoshvili street 35
Batumi, 6010
Georgia
+995571090900 (Phone)
+995(422) 27–17–87 (Fax)

HOME PAGE: http://www.bsu.edu.ge

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