Perspectives of Innovations, Economics and Business

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Volume 2
Issue 2
Online publication date 2009-10-09
Title PERFECTION OF CURRENCY RESERVE POLICY TO INCREASE INNOVATIVE ACTIVITY IN INDUSTRIAL SECTOR OF KAZAKHSTAN
Author Meiram Begentaev
Abstract Kazakhstan has accumulated essential foreign currency stocks from resource-based export earningssince gaining independency. These reserves can serve as base for creation of competitive industries. To realize the task the paper recommends policies of rational use of these funds to finance innovative investment projects in priority industries. The paper argues that rational channeling of foreign currency reserves in Kazakhstan can contribute to increase of innovative activity in industrial sector of economy
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Keywords State regulation, foreign currency reserves, currency rationing, industrial sector
DOI http://dx.doi.org/10.15208/pieb.2009.13
Pages 41-42
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