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Digest Finance
 

Analyzing the macroeconomic balance of the Russian financial market

ISSUE 4, DECEMBER 2025

Received: 28 April 2025

Accepted: 12 May 2025

Available online: 25 December 2025

Subject Heading: SECURITIES AND FINANCIAL MARKETS

JEL Classification: Е44, Е49, Е59, Е66

Pages: 63-81

https://doi.org/10.24891/vtbstk

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. This article discusses the issues related to the macroeconomic balance of the Russian financial market.
Objectives. The article aims to analyze the macroeconomic balance of the Russian financial market and describe it.
Methods. For the study, I used the general scientific and specialized economic and mathematical methods.
Results. The article emphasizes the relevance of analyzing the macroeconomic balance of Russia's financial market to ensure the stability of the country's financial system and create favorable conditions for economic growth. It finds that over the past five years, the Russian financial market has shown a significant increase in the banking system's demands on other sectors. There is a significant increase in the issuance of debt securities on the domestic market at market value, accompanied by a decrease in the ratio of short-term debt securities to long-term ones.
Conclusions and Relevance. The information obtained reflects the complexity of financial and economic problems and the need for an interdisciplinary approach to ensure the macroeconomic balance of Russia's financial market. The identified characteristics of the macroeconomic balance of Russia's financial market may be useful to government authorities, investors, commercial banks, and issuing companies when developing an effective financial strategy and responding wisely to economic challenges.

Keywords: stocks, banks, bonds, balance, finance

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