Development of Hicks-Hansen theory for national economy on the example of the Russian segment of global finance
The article develops the theory of functioning of national economy on the basis of Hicks-Hansen model IS-LM. The new principle model of four markets is offered. It included a national segment of global finance which became a part of the international markets of real and financial assets. Cash flows from export revenue, loans, issues, investment interest and not interest income became subject of the analysis. Passing through forex, they unite to internal flows of the money supply. The reverse flow of money, financial transfers registered in the current account balance and adjusted by an exchange rate. A subject of the analysis became entering the country and outgoing flows correcting their size exchange rates, effects of an external factor on money supply and the volume of investment.The authors consider the influence of the price of money, the current account balance, rates of economic growth, monetary policy parameters on an exchange rate. It is developed the mathematical model of forecasting of an exchange rate including the external economic factors of the flowers of items, money and the debt capital.