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Financial Law and Management
Reference:
Arzumanova, L.L.
Financial policy of a state: definition
and key elements.
// Financial Law and Management.
2013. ¹ 1.
P. 72-78.
URL: https://en.nbpublish.com/library_read_article.php?id=63271
Arzumanova, L.L. Financial policy of a state: definition and key elements.Abstract: The article provides for the various points of view on the term “financial policy”. The author provides her own definition of this term, and she singles out a number of types of financial policy. Among the main goals of the credit and financial policy she recognizes the support of the national currency rate in comparison with the globally leading currencies. The credit and financial policy may be divided into monetary policy (the policy in the sphere of monetary turnover) and credit policy. It follows, that credit and financial policy also includes currency element. The currency policy should be regarded as an important element of credit and financial policy. Therefore, the currency policy is a part of financial policy of a state, which is aimed to support the currency and financial position of the state, its paying and credit capacity, formation of the sound national currency and stabilization of the domestic market, development and support of international economic cooperation, guarantees of flow of currency from abroad within the framework of the foreign economic turnover, stopping the capital flight, etc. Keywords: financial policy, monetary and credit policy, currency policy, state policy, definition of the state policy, the Bank of Russia, types of financial policy, definition of policy, state policy, policy in the sphere of finances.
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