Currency Panic, Agiotage and their Influence on Company Activity

Danich Vitaliy N. and Shekhovtsova Yekaterina V.
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Danich Vitaliy N.: East-Ukrainian National University named after V. Dahl
Shekhovtsova Yekaterina V.: East-Ukrainian National University named after V. Dahl

Business Inform, 2013, issue 6, 8_13

Abstract: The article identifies and classifies influence of the currency panic and agiotage as avalanche-like socio-economic processes upon activity and management of a company. Currency agiotage is caused by growth of anxiety, expectation of destabilisation of political and economic systems, and psychological mood of physical persons and subjects of economic activity. Agiotage demand on currency has a certain seasonality and periodicity, that is why, the majority of citizens-entrepreneurs have developed their own tactics of behaviour. Operative management of a company under conditions of these processes mainly depends on typical belonging, company size, institutional and legal forms, organisational, production and market character. As a result, the article identifies main characteristics of appearance and development of agiotage processes in the currency market and also their influence upon company activity. The article identifies and classifies specific reactions of subjects that have to do with making and performing managerial decisions and reducing the risk of losses caused by agiotage.

Keywords: avalanche-like socio-economic processes; company management; currency panic; agiotage (search for similar items in EconPapers)
Date: 2013
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