Home  Journals  Finance and Credit  16(544) - 2013 April

Development prospects of monetary policy in Russia: formation mechanisms and instruments

Available online: 24 April 2013

Subject Heading: CREDIT AND MONETARY POLICY

JEL Classification: 

In the article it is noted that creation of the mechanism of financial stabilization demands formation of the relevant fund of financial stabilization (FFS) which will "be given rise" by joint efforts of Bank of Russia, the Governments of the Russian Federation, commercial banks and the enterprises. During the periods of financial crises commercial structures will receive from FFS triple the volume of the investment. For creation of fund of investments and innovations (FII) it is necessary to use the state reserves for crediting of innovative projects that will allow to reduce significantly private external debt of Russia and to stimulate economic growth in the country.

Keywords: monetary policy, fiscal stabilization fund, fund investment and innovation, private external debt, foreign exchange reserves of Bank of Russia, the Reserve Fund of the Russian Federation, Russian National Welfare Fund

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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