Implementation of economic indicators in the assessment of the financial system of the Russian Federation
Abstract
The presented research is of an overview nature. The subject of the research is the financial and economic indicators of the national economy of the Russian Federation, based on the analysis of which the authors made an attempt to assess the impact of the financial system on socio-economic development.
The research hypothesis consists in identifying the mechanism for regulating the economy by targeting financial instruments. The existing methods of such regulation are limited mainly by changes in the rate of the Central Bank, which indirectly affects the real economy through the cost of financial resources for economic entities. However, regulation can be expanded, becoming much more efficient and, at the same time, less restrictively oriented.
The practical significance of the presented research is determined by the influence exerted by government regulation on the stability of the financial system. The authors proceed from the premise that the state represented by the Central Bank is the subject of national regulation, since its functional competence includes the development and implementation of financial policies designed to ensure the conditions for the stability of the country’s financial system and the entire national economy.
The main results of the work carried out by the author are: 1) analysis of investments in fixed assets by types of fixed assets, dynamics of external debt, dynamics of the national currency exchange rate and indicators, capitalization of commercial banks, monetary aggregates and the volume of reserves of the Bank of Russia; 2) the conclusion on the outstripping growth in the volume of non-cash payments and settlements in 2018 in relation to cash in circulation in the same period is substantiated; 3) it was concluded that the values and dynamics of economic and financial indicators of the Russian economy did not correspond only to the period of sustainable growth, but even stability, despite the policy pursued by the authorities to stabilize socio-economic conditions and smooth out the negative impact of the global pandemic and geopolitical events on the real and financial sectors.
About the Author
A. V. Lebelev
Qualifications and Competencies Development Fund in the Ural Region
Russian Federation
Russian Federation
PhD in Economics, the President
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Review
For citations:
Lebelev A.V. Implementation of economic indicators in the assessment of the financial system of the Russian Federation. Kazan economic vestnik. 2021;(2):84-91. (In Russ.)
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