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EN
This article demonstrates the assumptions of economic theory and its followers, the theories which stimulate research on the positive correlation between the success of the economy, its growth and the level of international trade. The empirical analysis of this paper examines the example of the exchange rate volatility and its influence on international trade on the basis of Ukraine. In the descriptive part of this study, which looks at the exchange rate volatility in Ukraine as a whole, the authors have aggregated the bilateral volatilities using trade shares as weights to obtain what is referred to as the “effective volatility” of the country’s exchange rates. It is summarized that the current situation in Ukraine is extremely difficult, and external financial support could alleviate the crisis. The time span used in the work includes the years from 1999 to 2014, with the help of which the authors have demonstrated the fluctuation and correlation between these two factors. From the graph it has been possible to make the conclusion that even if there was no significant visible correlation between trade and the exchange rate volatility, it does not mean that there is no relationship between these two factors, because there are a lot of factors which affect the level of trade.
EN
As a consequence of a rapid development of international trade online and subsequent exterritoriality of concluded transactions, traditional ways of dispute resolution become inadequate. In the globalized, virtualized world time-consuming and expensive judicial procedure is no longer applicable for the disputes arising from e-commerce. Therefore, other methods of dispute resolution have been adopted – such as international arbitration. Yet, the main characteristics of it differ – the procedure is handled online, it is less expensive, quicker, specialized and located in a particular trade platform. Connection with the market allows the materialization of the verdict by self-enforcement methods, existing on that internet platform.
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