2022 Issue №2

The study focuses on the evolution of the financial system that has created prerequisites for the world capital to re-evaluate the investment potential of individual assets. This turned out to be extremely relevant for cryptocurrencies as well. The purpose of this study is to systematize various points of view about the cryptocurrency, including the antagonism manifested in the approaches, namely, “cryptocurrency is nothing” and “cryptocurrency is the future” due to its services and opportunities that it provides through the digitalization of the economy, namely the potential for the development of the digital infrastructure layer. The paper examines the impact of cryptocurrencies on financial, investment and industrial capital. An important emphasis is placed on the impact of the crypto market on liquidity in the economy. The results of the work can be used for further in-depth research of the cryptocurrency market as a driver of liquidity in the economy, namely in the mortgage sector.

The article analyzes the approaches to understanding the term “economic policies”. The author proceeds from the fact that the state acts as a specific economic agent and, as such, on the one, is eligible to develop formal institutions of the national economy, and on the other hand, it itself is one of the elements of this sector of the global socio-economics system. The author defines the economic policies regime as a set of rules, measures, norms to achieve the macro-goal of the country’s development through the development of its economic system. With this approach, it becomes possible to adjust the economic policies by changing the regimes if, for a predetermined period, the target indicators are not achieved for any reason. The author proposes to divide the external environment in which the state acts as an economic agent into two zones. The first is the part of the world economic area, the regulation of which has the authority of a particular state as an economic agent. The second is the part of the global economic area in which this state does not have the authority to directly establish formal institutions. As a basis for measuring the quality of economic policies, it is proposed to use the criterion of correlation of the state economic policy with the macro-development goals of the country.