Moskow, Moscow, Russian Federation
UDC 33
The necessity of having gold and foreign exchange reserves in countries with non-convertible currencies is substantiated. An explanation of the cause of the current global systemic crisis in terms of changing rental priorities is proposed. An analytical record of the relationship between the level of crisis devaluation of the ruble and the coverage of the monetary base by the gold and foreign exchange reserves of the Bank of Russia is presented. The statistics of devaluation and inflation of major world currencies are considered. A portfolio approach is proposed to optimize the size and structure of foreign exchange reserves.
monetary and financial crisis, systemic crisis, rental priorities, gold and foreign exchange reserves, lender of last resort, reserve currency, gold, devaluation, inflation, portfolio approach, optimization, financial risks.
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