The evolution of the substantive provisions of the contradictions of the nature of money in the process of social reproduction

The object of the study is the monetary system. The subject of the study is the mechanisms of countercyclical regulation and monetary policy in retrospect of economic development. The purpose of the study is to identify the provisions of the development of monetary relations by generalizing the problems of forming mechanisms of countercyclical regulation, which are based on the provisions of the theory of cyclical development that do not contradict objective economic laws. The theoretical platform of the research is the contradictions of the nature of money and the content of various basic components of economic development in the process of social reproduction. A generalization of the content of five key contradictions of modern approaches to the development of monetary policy is proposed. The disclosure of the revealed contradictions is considered as a factor in the development of the monetary relations system of the company: the content of the disagreement on the nature of money neutrality and scenarios of changes in the investment resources market are given; the divergence of interests in the implementation of deposit operations with partial reservation and the monopoly right to issue means of circulation is summarized; the development of ideas about the divergence of interests of monetary circulation and factors of cyclical development is considered; the process of credit expansion development and the content of countercyclical programs of banking and monetary schools are analyzed; the features of disagreement in credit expansion, relative prices and stabilization of the value of the monetary unit are presented; the conflict of interests of the monetary system and the formation of the production structure of social reproduction is considered. It was revealed that increasing the effectiveness of countercyclical regulation requires improving the tools of non-inflationary influence on the parameters of monetary circulation, contributing to limiting excessive credit expansion.

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