Systems and Means of Informatics
2020, Volume 30, Issue 1, pp 186-197
THE NORMALIZED ECONOMIC MECHANISM: DIGITAL TECHNOLOGIES OF THE MULTICURRENCY MARKET
Abstract
The review presents the core of the multicurrency market digital technologies of the normalized economic mechanism (NEM). In the NEM model, the economic component of state sovereignty is determined by the system of rules for economic activity established by law, including the rules of multicurrency deals, state fees, formation, and usage of the state budget funds. The foreign trade market for any pair of countries is defined by a certain set of goods types (the exchange of which is permissible in accordance with a foreign trade agreement), by the set of currencies applicable for trade, customs rules, and rules of foreign trade fees. For each type of goods, digital technologies of the multicurrency market provide the economic activity participants with the opportunity to make transactions in any currency from the list that is the intersection of the sets of currencies allowed by the banks-regulators of the states to which the participants belong. At the same time, the commodity capacities of currencies for each product vary depending on the market situation; taxes and duties are paid in the currencies used in economic deals; and the technology of e-trade with direct lending serves as a means of stimulating sales for the national currency. An important means of the NEM security is the designated payments technology.
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[+] About this article
Title
THE NORMALIZED ECONOMIC MECHANISM: DIGITAL TECHNOLOGIES OF THE MULTICURRENCY MARKET
Journal
Systems and Means of Informatics
Volume 30, Issue 1, pp 186-197
Cover Date
2020-05-30
DOI
10.14357/08696527200116
Print ISSN
0869-6527
Publisher
Institute of Informatics Problems, Russian Academy of Sciences
Additional Links
Key words
normalized economic mechanism; multicurrency market; multicurrency market technologies; technology of e-trade with direct lending; designated payments technology
Authors
A. V. Ilyin  and V. D. Ilyin 
Author Affiliations
State Research Institute of Aviation Systems, 7 Viktorenko Str., Moscow 125319, Russian Federation
A. A. Dorodnicyn Computing Center, Federal Research Center "Computer Science and Control" of the Russian Academy of Sciences, 40 Vavilov Str., Moscow 119333, Russian Federation
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