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

George Abuselidze ()

MPRA Paper from University Library of Munich, Germany

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; Georgia. (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 I31 O11 (search for similar items in EconPapers)
Date: 2018-05-10, Revised 2019-01-26
New Economics Papers: this item is included in nep-cis, nep-mac, nep-mon and nep-tra
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Published in Academy of Strategic Management Journal 4.18(2019): pp. 1-10

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https://mpra.ub.uni-muenchen.de/99885/1/MPRA_paper_99885.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/100079/1/MPRA_paper_99885.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:99885

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