GLOBALIZATION AND NEGATIVE CONSEQUENCES OF ECONOMIC DOLLARIATION TO THE KYRGYZ REPUBLIC

Abstract

The article considers globalization from the position of dollarization of the economy under the supervision of the IMF. Also it reviewed the impact of the National Bank's currency intervention on the structure of the money supply in the country in favor of the world's leading reserve currency. It is shown how the dollar turns into the most risk-free security.The negative influence of dollarization on the development of the stock market and the standard of living of the population are described

Özet

The article considers globalization from the position of dollarization of the economy under the supervision of the IMF. Also it reviewed the impact of the National Bank's currency intervention on the structure of the money supply in the country in favor of the world's leading reserve currency. It is shown how the dollar turns into the most risk-free security. The negative influence of dollarization on the development of the stock market and the standard of living of the population are described.

Keywords: globalization, dollarization, currency intervention, National Bank of the Kyrgyz Republic, money supply, International Monetary Fund, USA, exchange rates, security paper, stock market