Scientific journal NRU ITMO
Series "Economics and Environmental Management"
Registration certificate ЭЛ № ФС 77 – 55411 от 17.09.2013
registered by the Federal Inspectorate Service for Communication, Information Technologies and Communication Media

September 2015 (published: 14.09.2015)

Number 3(22)

Home > Issue > Macroeconomic analysis of the regulatory system the financial market in Russia

UDC 336.1

Macroeconomic analysis of the regulatory system the financial market in Russia

Nikiforova V.D.

The article analyzes the scientific views on the problem of economic growth in Russia on the basis of ensuring financial stability. The author reveals the significance and patterns of use of different instruments of financial markets: Forex, equities, credit, budgetary. Special attention is paid to the analysis of the dynamics of the cash component of economic development, assessment of adequacy of money supply to the real economy for investment. The article analyzes the theory and practice of inflation targeting in Russia and abroad, the peculiarities and difficulties of this tool in developing countries, as well as negative consequences for the economy monetary policy of the Central Bank aimed at constriction of the money supply on the basis of high interest rates, especially in the crisis period of economic development of the country. The author substantiates a number of recommendations to stimulate the investment process in the country, has greater use of public subsidies to cover interest on the national significance of crediting of real sector of economy. The article reasoned expediency of the Bank of Russia 3-tier system of refinancing, the activation records of bills, open market operations, the introduction of a differentiated system requirements compulsory redundancy depending on the duration of deposits and the number of other recommendations.
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Keywords: financial market, monetary management, banking system, economic growth.

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