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О новых аспектах в денежно-кредитной сфере Российской Федерации // On New Aspects in the Monetary Sphere of the Russian Federation

Author

Listed:
  • Mikhail Yershov V.

    (Financial University)

  • М. Ершов В.

    (Финансовый университет)

Abstract

The paper examines the prospects of improving the situation in the Russian economy by using monetary and budgetary policy mechanisms. The subject of the study is the policy of the Central Bank of the Russian Federation and the current specific features of the monetary and credit sphere. The purpose of the study was to reveal the potential in the Russian monetary and foreign currency system the application of which will boost the economic growth and have a positive impact on the structure of the economy as well as to justify of the need to use monetary mechanisms to expand the budget capacity. The paper analyzes the specifics of the Russian monetary and credit sphere; the reasons for the existing excess of liquidity in the banking system; possible mechanisms for increasing the leverage efficiency taking into account the experience of the leading world economies. A conclusion is drawn about the untapped potential in the monetary and budgetary sphere which, if properly used, can substantially strengthen the positions of the Russian economy and stimulate its growth. В статье рассматриваются возможности улучшения ситуации в российской экономике посредством использования механизмов денежно-кредитной и бюджетной политики. Предмет исследования - политика ЦБ РФ и сложившиеся к настоящему времени особенности денежно-кредитной сферы. Цель работы - выявление потенциала российской денежно-кредитной и валютной системы, применение которых позволит активизировать экономический рост и положительно повлиять на структуру экономики; обоснование необходимости использования денежно-кредитных механизмов. В работе анализируются особенности российской денежно-кредитной сферы; причины сложившегося избытка ликвидности в банковской системе; возможные механизмы повышения эффективности трансмиссионных рычагов с учетом опыта ведущих экономик мира. Делается вывод о неиспользованном потенциале в денежно-кредитной и бюджетной сфере, реализация которого может существенно укрепить позиции российской экономики и стимулировать ее рост.

Suggested Citation

  • Mikhail Yershov V. & М. Ершов В., 2017. "О новых аспектах в денежно-кредитной сфере Российской Федерации // On New Aspects in the Monetary Sphere of the Russian Federation," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 10(3), pages 13-21.
    • Handle: RePEc:scn:econom:y:2017:i:3:p:13-21
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    References listed on IDEAS

    as
    1. Stephan Kohns, 2017. "Monetary Policy and Financial Stability," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(1), pages 17-18, 04.
    2. repec:ces:ifodic:v:15:y:2017:i:1:p:19307486 is not listed on IDEAS
    3. Stephan Kohns, 2017. "Monetary Policy and Financial Stability," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(01), pages 17-18, April.
    Full references (including those not matched with items on IDEAS)

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