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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">finance</journal-id><journal-title-group><journal-title xml:lang="ru">Финансы: теория и практика/Finance: Theory and Practice</journal-title><trans-title-group xml:lang="en"><trans-title>Finance: Theory and Practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2587-5671</issn><issn pub-type="epub">2587-7089</issn><publisher><publisher-name>Financial University under The Government of Russian Federation</publisher-name></publisher></journal-meta><article-meta><article-id custom-type="elpub" pub-id-type="custom">finance-329</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>МИРОВАЯ ЭКОНОМИКА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>WORLD ECONOMY</subject></subj-group></article-categories><title-group><article-title>ПЕРСПЕКТИВЫ ВЫБОРА АЛЬТЕРНАТИВНЫХ ПОДХОДОВ К ПОЛИТИКЕ ВАЛЮТНОГО РЕГУЛИРОВАНИЯ В АРМЕНИИ</article-title><trans-title-group xml:lang="en"><trans-title>THE PROSPECTS OF CURRENCY REGULATION POLICY ALTERNATIVE APPROACHES IN ARMENIA</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Сандоян</surname><given-names>Э. М.</given-names></name><name name-style="western" xml:lang="en"><surname>Sandoyan</surname><given-names>E. M.</given-names></name></name-alternatives><email xlink:type="simple">edwardsandoyan@gmail.com</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Российско-Армянский университет</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Director of the Institute of Economics and Business Russian-Armenian University</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2017</year></pub-date><pub-date pub-type="epub"><day>10</day><month>10</month><year>2017</year></pub-date><volume>21</volume><issue>1</issue><fpage>87</fpage><lpage>90</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Сандоян Э.М., 2017</copyright-statement><copyright-year>2017</copyright-year><copyright-holder xml:lang="ru">Сандоян Э.М.</copyright-holder><copyright-holder xml:lang="en">Sandoyan E.M.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://financetp.fa.ru/jour/article/view/329">https://financetp.fa.ru/jour/article/view/329</self-uri><abstract><p>В период с 2009 г. по настоящее время в Армении значительно замедлились темпы экономического роста (рост в среднем за последние 7 лет составил 1,4% в год против 12,2% в год за предыдущие 7 лет), а ВВП в долларовом исчислении вплоть до 2015 г. включительно не удалось довести до уровня предкризисного 2008 г. Особенно тревожными оказались показатели за 2015 г., когда, казалось бы, благодаря вхождению Армении в ЕАЭС появились новые возможности для расширения экспорта, ориентированного на рынки стран Евразийской экономической интеграции. Каковы же основные причины и последствия текущей стагнации?</p></abstract><trans-abstract xml:lang="en"><p>During the period from 2009 to the present day the rate of economic growth (an average increase of 1.4% over the last 7 years in the year against 12.2% a year for the past 7 years) has significantly slowed down in Armenia. The GDP in dollar terms up to 2015 inclusive did not manage to come back to pre-crisis level of 2008. Particularly disturbing were the numbers for 2015, when it would seem that the entry of Armenia into the EAEC should have created new opportunities for the expansion of export oriented towards markets of the countries of the Eurasian economic integration. What are then the main causes and consequences of the current stagnation?</p></trans-abstract><kwd-group xml:lang="ru"><kwd>валютное регулирование</kwd><kwd>экономический рост</kwd><kwd>интеграция</kwd><kwd>валютный курс</kwd></kwd-group><kwd-group xml:lang="en"><kwd>currency regulation</kwd><kwd>economic growth</kwd><kwd>economic integration</kwd><kwd>exchange rate</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Официальный сайт Центрального Банка РА. URL: https://www.cba.am/am/SitePages/statexternalsector.aspx</mixed-citation><mixed-citation xml:lang="en">Oficial’nyj sajt Central’nogo Banka RA [The official website of the Central Bank of Armenia]. 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