Course work

Course work - Ministry of Education and Science of the...

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Ministry of Education and Science of the Republic of Kazakhstan University of International Business Chair «Finance and Credit» COURSE WORK Subject: “Money, Credit, Banking” Theme: “Essence and reasons of inflation occurrence, its types“ Done by: Kipatova Anara 2nd course (day form) specialty «finance» Group № 209 Checked by: Senior Professor A. M. Sohrabian, M.Sc. ALMATY 2009
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Contents: Introduction…………………………………………………………………3 1. Chapter 1: Inflation as part of market economy…………………. ...... 4-17 1.1. Essence and Definition of Inflation. Causes of Inflation……………4 1.2. Types of Inflation. …………………………………. ......................... 9 1.3. Measures of Inflation …………………. .......................................... 15 2. Chapter 2: Consequences of Inflation. Controlling Inflation……………………………………………………………. ..18-23 2.1. Social and economic consequences of Inflation…………………….18 2.2. Controlling Inflation………………………………………………. .19 2.3. Anti-inflationary policy in Kazakhstan ……………………………22 Conclusion…………………………………………. ................................... 24 List of literature……………………………………. ................................... 25 2
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Introduction Today, it is impossible to live, not having heard this insidious and intriguing word. About it speak, with it fight, of it are afraid. What is the inflation? In all market countries inflation was and now remains characteristic line of economic development, in the way by means of which the modern capitalist system reacts to shocks and changes, taking place in ХХI century Throughout centuries with change of ownership patterns, types of monetary systems were changed the reasons, consequences of inflationary process. Invariable there was only an essence of inflation — depreciation of money. The first inflation occurred as result from Alexander the Great gains. As a result of capture of the new earths by Alexander the Great the huge weight of gold has rushed to Europe. The economy oversaturated by gold, and cost of this metal began to fall promptly. The society has coped with inflationary processes thanks to that gold began to settle in exchequers and on hands of population as precious metal then the weight of gold in the market has decreased, and its cost has increased again. So, it was possible to avoid the first inflation, thanks to property of metal money to act as means of riches accumulation. Inflation represents one of most acute problems of modern development of economy in many countries of the world, negatively influencing on all aspects of life of a society. It depreciates results of work, destroys savings of legal and physical persons, and interferes with long-term investments and economic growth. Inflation is the effective remedy of redistribution national riches – from poorer
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This note was uploaded on 10/09/2010 for the course FAIS 0001111 taught by Professor A.m.sohrabian during the Spring '09 term at UIBE.

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Course work - Ministry of Education and Science of the...

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