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Economic environment is constantly witnessing a number of discussions about undervalued or overvalued cost of national currency and the impact of currency cost on the national economy and well-being. For this purpose multiple methodologies of calculating “base” (“fair”) value of national currency and its comparison with real current market value are widely used. Although, the most common method is considered to be the one, based on purchasing power parity, some other methods, such as “bigmac index”, вЂ...

Increasingly big amount of discussions is currently formed around digital revolution and the formation of information and knowledge society. To date digital economy has become the background of tectonic developments, which are shaping the form and structure of national economies and regional clusters, thus, influencing the nature and models of business development. Digital economy has occupied the integral role in diverse economic spheres such as: education, medicine, electrical energy, transportation, logistics a...

Modern institutional theory demonstrates astute attitude to studying transactional costs. The key explanation of transactional costs will include the costs, which the economic entity will bear while complying with the conditions of economic exchange. This is one of the guiding reasons why institutional theory of economics is often referred to as the economic theory of transactional costs. The real volume of transactional costs in the Global economy is getting increasingly high. Economic entities are facing the nec...