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ИД «Финансы и кредит»






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Analyzing the behavior of Russia's financial and socio-economic systems

Vol. 26, Iss. 1, JANUARY 2020

Received: 25 November 2019

Received in revised form: 9 December 2019

Accepted: 23 December 2019

Available online: 30 January 2020

Subject Heading: Financial system

JEL Classification: Е62, P43, R51, Z23

Pages: 62–80


Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation


Subject The article investigates the behavior of financial and socio-economic systems.
Objectives The study distinguishes how Russia’s financial and socio-economic systems operate and evolve separately or jointly, depending on the outcome of research.
Methods The study is based on a holistic approach and methods of statistical and cluster analysis.
Results To conduct the holistic analysis and synthesis of financial and socio-economic systems, I explained their substance and spotlighted scientific aspects of their possible interaction. The financial system was found to demonstrate the functionality, pursue leveraged processes, allow significant modifications of operations, still staying stable. The socio-economic system is mostly structural and oriented at the quality of subsystems. Reducing the outcome of analyzing the behavior of the Russian financial system, I discover that it allows for the central bank to form net foreign assets and withdraw excess liquidity through depository corporations. The Russian socio-economic system aims to ensure a growth in GDP and GNP in USD and GDP and GNP (PPP) per capita, keeping the rate of growth in employment and drop in unemployment.
Conclusions and Relevance The financial system operates so as to protect the functionality of the excess liquidity withdrawal mechanism used by depository corporations, since it helps the central bank to increment its net foreign assets. The socio-economic system responds to high rates of urban growth, since people require substantial spending on healthcare. The subtle relationship of the financial and socio-economic systems means that they are not symbiotic and simply coexist. The findings unveil the behavior of the Russian financial and socio-economic systems in the modern world, creating new competencies to promote the development of the national development.

Keywords: behavior, symbiosis, coexistence, socio-economic system, financial system


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