+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Financial Analytics: Science and Experience
 

The importance of the Bank of Russia in ensuring the stability of the financial system

Vol. 18, Iss. 2, JUNE 2025

Received: 19 December 2024

Accepted: 28 January 2025

Available online: 29 May 2025

Subject Heading: RELIABILITY OF FINANCIAL INSTITUTIONS

JEL Classification: Е40, Е47, Е50, Е52, Е58

Pages: 102-118

https://doi.org/10.24891/fa.18.2.102

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 examines the significance of the Bank of Russia in the financial system of Russia.
Objectives. The article aims to identify the role of the Bank of Russia in ensuring the stability of the country’s financial system.
Methods. For the study, I used the methods of data analysis and synthesis, and a correlation and regression analysis.
Results. The article describes the Bank of Russia's activities and efforts to ensure and support the stability of Russia's banking and financial systems through applying a wide range of specific measures.
Conclusions. The revealed role of the Bank of Russia in ensuring the stability of the financial system reduces the need for its numerous statements on the key interest rate for the expert community.

Keywords: intraday loans, loan arrears, overnight loans, real return on savings, trade balance

References:

  1. Hamia M.A.A. Why developing countries need a new central bank paradigm: Evidence from the Middle East and North Africa region. Economic Systems, 2024, vol. 48, iss. 4, no. 101230. URL: Link
  2. Turkay M. Heterogeneity across emerging market central bank reaction functions. Central Bank Review, 2017, vol. 17, iss. 3, pp. 111‒ URL: Link
  3. Astakhova D.N. [The role of the Central Bank in ensuring sustainability (financial stability) of the banking sector]. RISK: Resursy, Informatsiya, Snabzhenie, Konkurentsiya, 2023, no. 1, pp. 113‒ (In Russ.) DOI: 10.56584/1560-8816-2023-1-113-118 EDN: YRDDRT
  4. Rabadanova D.A., Ismikhanova R.R. [The role of the Central Bank in the banking system of the Russian Federation]. Ekonomika i predprinimatel'stvo, 2020, no. 6, pp. 277‒ (In Russ.) DOI: 10.34925/EIP.2020.119.6.056 EDN: LZPNYD
  5. Abdulalimov A.A., Isaeva P.G. [The role and significance of the Central Bank of Russia in the credit system]. Regional'nye problemy preobrazovaniya ekonomik, 2020, no. 3, pp. 144–150. (In Russ.) DOI: 10.26726/1812-7096-2020-3-144-150 EDN: SRSFMM
  6. Mukhametgalieva A.I. [The role and functions of the Central bank of the Russian Federation in the modern economy]. Zhurnal U. Ekonomika. Upravlenie. Finansy, 2024, no. 2, pp. 426‒ (In Russ.) EDN: GJRPBR
  7. Aksenov I.A. [The international trade potential of the Russian Federation]. Tamozhennoe delo, 2019, no. 4, pp. 13‒ (In Russ.) EDN: HVXECE
  8. Tkachev V.N., Shashkina E.O., Mazurova M.A. [The Central Bank's role in economic growth]. Finansy i kredit = Finance and Credit, 2019, vol. 25, iss. 4, pp. 821‒ (In Russ.) DOI: 10.24891/fc.25.4.821
  9. Belyaev S.A. [The place and role of the Central Bank in the market economy of the Russian Federation]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2021, vol. 10, no. 2. (In Russ.) DOI: 10.26140/anie-2021-1002-0005 EDN: MNDQPY
  10. Soltakhanov A.U., Sizova D.A., Sizova T.V., Zakharova D.S. [Modern centralized monetary system and its main problems]. Transportnoe delo Rossii, 2021, no. 2, pp. 6‒ (In Russ.) DOI: 10.52375/20728689_2021_2_6 EDN: BDFFAZ
  11. Gallacher G., Granados C., Mann J. Exchange rate dynamics and the central bank's balance sheet. Journal of International Money and Finance, 2024, vol. 148, no. 103156. URL: Link
  12. Cimon D.A., Walton A. Central bank liquidity facilities and market making. Journal of Banking & Finance, 2024, vol. 162, no. 107152. URL: Link
  13. Wegner D.L.B. Central bank intervention and financial bubbles. International Review of Economics & Finance, 2024, vol. 92, pp. 1–19. URL: Link
  14. Niţoi M., Pochea M.-M. Trust in the central bank, financial literacy, and personal beliefs. Journal of International Money and Finance, 2024, vol. 143, no. 103066. URL: Link
  15. Reiko Tobe, Jun Uno. Central bank asset purchases and lending: Impact on search frictions. Journal of Financial Intermediation, 2024, vol. 58, no. 101075. URL: Link

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 18, Iss. 2
June 2025

Archive

Видите ошибку в отчестве? Отключите перевод, это английская версия сайта!