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Finance and Credit
 

Analysis of the Bank of Russia's activities

Vol. 26, Iss. 12, DECEMBER 2020

Received: 31 August 2020

Received in revised form: 14 September 2020

Accepted: 28 September 2020

Available online: 25 December 2020

Subject Heading: Banking

JEL Classification: E50, Е58, Е59, G21, G24

Pages: 2813–2836

https://doi.org/10.24891/fc.26.12.2813

Smirnov V.V. 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 analyzes the activities of the Central Bank of the Russian Federation.
Objectives. The article aims to reveal the type of activity of the Bank of Russia in the modern economy.
Methods. The study is based on the systems approach and statistical analysis.
Results. The article assesses the changes in summarizing financial indicators presented on the official website of the Bank of Russia. As a result of the assessment, it reveals the Bank of Russia's activities to maintain a stable level of mandatory reserves for the funds raised by credit organizations in the domestic currency. The study describes the typed activities of the Bank of Russia.
Conclusions and Relevance. The identified typed activity of the Bank of Russia indicates the need to remove the priority in retaining the reserve position in the IMF, thereby expanding the ability of the Russian Ministry of Finance to cover the budget deficit through federal loan bonds. The results of the study form the necessary level of competence of State authorities to make management decisions to eliminate inconsistencies in the activities of the Bank of Russia in the constitutional and legal status.

Keywords: devaluation, national currency, bonds, periphery of capitalism, reserve position, typed activity

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