Transformation of Money Circulation and Change of the Paradigm of Stimulation of Economic Growth: Historical Aspect and Modern Requirements

The article conducts an objective scientific analysis and system comprehension of the law of circulation of money - the basis of the quantitative expression of the processes that are connected with functioning of money, which allows revelation of the established regularities in circulation of money, development of relevant solutions and influencing economic development. It considers changing of the regularities of money circulation and the transmission mechanism in modern economy, its influence upon balancing of the economic system. It reveals the essential aspects, contradictions and consequences of the evolution of methods of stimulation of economic development. It studies influence of the policy of quantitative easing (QE) as a new method of regulating the economic growth and its impact on transformation of money circulation under modern conditions. It presents mathematic dependencies that describe main evolution stages of changing the laws of circulation of money.