The role of commercial banks in ensuring the liquidity of government borrowing
Abstract
The banking sector shows steady growth and is the largest segment of the Russian financial market. The ratio of assets of credit institutions to GDP by the end of 2020 was 97.1 %. At the same time, in the securities market in 2019–2021 , the role of banking groups in the provision of brokerage services and trust management services was strengthened. The formation of the budget of a modern state is impossible without borrowing. In world practice, one of the actively used tools for attracting the required investment resources to the state budget are securities that help attract a large amount of funds through numerous investments, as well as contribute to meeting the needs of the state without resorting to the issue of funds.
The specifics of the Russian securities market is that the main investors in this market are foreign investors, commercial banks, and others. Commercial banks in modern Russia have been using government securities as an object for investing available resources since the 90s of the 20th century.
The article evaluates the role of commercial banks in increasing the liquidity of government securities, proves the positive impact of the issue of government securities on economic growth, and suggests measures to strengthen the role of commercial banks in the stock market.
About the Author
A. V. Ramazanov
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
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Review
For citations:
Ramazanov A.V. The role of commercial banks in ensuring the liquidity of government borrowing. Kazan economic vestnik. 2022;(4):79-87. (In Russ.)
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