Portal de Periódicos da CAPES

Apuntes sobre el rublo: la occidentalización de la moneda

2019; Jorge Tadeo Lozano University; Volume: 6; Issue: 2 Linguagem: Inglês

10.21789/24222704.1500

2422-2704

Henry Daniel Vera Ramírez,

Economic Theory and Policy

This document analyzes some key moments in the development and history of the ruble as a means of payment, emphasizing the fact that its evolution has been related to a process of westernization of monetary management, which has made it possible to avoid, in several moments, the loss of purchasing power and the sustenance of the currency institution. On the other hand, since the end of the 19th century, gold has begun to have a preponderance in the country's economy and it represents a key element in the generation of wealth and support for greater issuance. This analysis leads to the introduction of a central point, which is the importance of the debate on the role of money in economic booms and crises and its practical expression in monetary reforms carried out in Russia in the aftermath of the collapse of the Soviet Union, the point of inflexion and consolidation of the acceptance of the use of the currency in the regard western societies give to it.