Methods of influencing the exchange rate: problems of currency regulation and ways to overcome them

Abstract

Currency regulation plays a significant role in the state economic policy. Depending on the goal,
currency regulation can stimulate or constrain economic development in the country and, accordingly,
affect the state of individual sectors, industries and enterprises, as well as the place of the state in the
world market. In modern conditions of economic globalization, the exchange rate is becoming one of
the main integrated macroeconomic indicators, which affects not only the foreign economic activity of
the state, but also, in general, the socio-economic development of our country. The imbalance of the
foreign exchange market, the negative trade balance, high inflation rates indicate that the problem of
conducting an effective exchange rate policy and establishing the optimal level of the exchange rate
remains unresolved. It is necessary to choose the optimal system for regulating the rate of currency quotations
to solve these problems. The paper discusses theoretical approaches to the system of regulation
of exchange rate regimes. Systematized and classified methods of currency regulation. The proposed
application of a systematic approach to the stabilization of the exchange rate, which promotes the integrity,
hierarchy, structuring of currency systems. And this paper also discusses the problems of currency
regulation and ways to overcome them.