| | PROBLEMS OF MODERN ECONOMICS, N 1 (57), 2016 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Sokolov B. I. Professor of the Chair of Credit Theory and Financial Management,
St.Petersburg State University,
PhD (Economics) Valerov A. V. Assistant Professor, Chair of Credit Theory and Financial Management, Department of Economics, St. Petersburg State University, PhD (History)
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| The article focuses on the price inflation, showing that deflation and inflation are not related through the paper money circulation, but can emerge in the context of the full-value metal coin standard. To support their argument, the authors address historical data since the III c. BC, when Rome started the military expansion in Western Mediterranean, to the 60s of the I c. AD | Key words: deflation, price deflation, sustainable development, inflation, volume of money in circulation, level of economic monetization | Pages: 89 - 92 |
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