Global Instability and Russia’s Financial Sphere Reform
AbstractThe article considers the current state of the world financial system. In particular it notes growing fiscal crisis and significant disbalance between monetary and budgetary policies in the leading developed countries. Such a situation can provoke strong movement of speculative capital in transition economies’ markets. This makes it necessary to accept a number of measures of financial and budgetary regulation in Russia. In the sphere of budgetary policy the authors suggest measures aimed at contracting public expenditures and their fixing in real terms; in the sphere of financial regulation — measures aimed at improving the quality of banking capital, increasing the level of liquidity and optimizing reserves.
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Bibliographic InfoArticle provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.
Volume (Year): 9 (2010)
Issue (Month): ()
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