Subject The article focuses on the structure of Russia’s financial system today and analyzes its functionality. Objectives The study determines parameters of structural functionalism of the current financial system in Russia and infers the versatile procedure for its analysis. Methods The study is based on a systems approach, statistical, cluster, neural network and nonparametric analyses. Results The article provides the rationale for implementing principles of the structural functionalism theory in the current financial system of Russia to ensure the mobile adaptability to a new institutional order of the world. The Central Bank of Russia was found to deal with micromanagement tasks to handle the Ruble money supply, adjusting any deviations through the issue of debt securities denominated in the foreign currency. The volatility of debts due from the non-financial sector and households in foreign currency affects the rate of growth in the volume of debt securities issued in foreign currency. The quality of governmental guarantees on the above debts depend on the rate of growth in the volume of debt securities issued in foreign currency and respective interest rate. Cluster, neural network and nonparametric analyses helped us identify clusters intended to regulate cash flows by managing volumes of net foreign assets and internal requirements, and importance of the requirements to people. Conclusions and Relevance Requirements to people drive the implementation of monetary policy in the Russian Federation. The general debt burden of Russia was reduced as the debt of the non-financial sector and households shrank as well due to a decrease in the money supply. The findings may prove useful for improving the financial system and increasing the efficiency of monetary policy in Russia.
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