Cash Turnover: Construction Models and Progress Prospects

Economic Annals-ХХI: Volume 148, Issue 1-2(2), Pages: 27-30

Citation information:
Khokhlova, G., & Pakholchenko, V. (2015). Cash Turnover: Construction Models and Progress Prospects. Economic Annals-XXI, 1-2(2), 27-30. https://ea21journal.world/index.php/ea-v148-07/

Galina Khokhlova
PhD (Economics),
Associate Professor,
National Research Irkutsk State Technical University
83 Lermontov Str., Irkutsk, 664074, Russia
hgi08@уаndex.ru  

Valentina Pakholchenko
Associate Professor,
National Research Irkutsk State Technical University
83 Lermontov Str., Irkutsk, 664074, Russia
sarevok@mail.ru

Cash Turnover: Construction Models and Progress Prospects

Abstract. In all countries with market relations the organizers and the active participants of cash turnover are central banks which take complete responsibility for its organization and regulation. The authors consider the modern models of cash turnover in the world and its organization. Classification of monetary cash turnover models by criterion of the basic functions and responsibility distribution between central and commercial bank and other participants is presented. Main tendencies and ways of cash turnover reforming in Russia have been analyzed, and they are directed to solving of such major problems as expenses reducing and risk minimization connected with cash turnover organizing. Analysis of monetary turnover’s basic parameters has shown that there are specific features of cash and non-cash money usage in each country. Conclusions are drawn by results of fundamental factors and cash-monetary turnover models research. Thus, the central banks, the credit organizations, the manufacturers of the bank equipment will always have interest in cash-monetary turnover conservation. In order to increase the level of automation processing, life cycle of banknotes and coins, cleanliness of monetary circulation, it is necessary to delegate a part of power of the central bank connected with processing and storage of monetary cash to commercial structures.

Keywords: Central Bank; Cash Turnover; Cash Turnover Models; Banknotes; Coins

JEL Сlassification: E02; E42; G21

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Received 27.12.2014