Stable Aggregate Currency Using for International Comparisons of GDP Dynamics
Abstract
The adverse impact of the high level of currencies exchange rates’ volatility on the accuracy of nominal GDP estimations is demonstrated. To reduce these estimations inaccuracy, using of a stable aggregate currency with minimal level of exchange-value volatility is proposed. An example of such stable aggregate currency application for international comparisons of different countries’ nominal GDP dynamics is given.
Keywords:
international comparisons of GDP, dynamics of nominal GDP in current prices, stable aggregate currency
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.