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Finance and Credit
 

Assessing the condition of the financial system of the Russian Federation on the basis of key financial parameters of the national economy

Vol. 27, Iss. 4, APRIL 2021

Received: 8 February 2021

Received in revised form: 24 February 2021

Accepted: 10 March 2021

Available online: 29 April 2021

Subject Heading: Financial system

JEL Classification: E23, E44, E52, G17

Pages: 724–739

https://doi.org/10.24891/fc.27.4.724

Aleksei V. LEBEDEV Foundation for Development of Qualifications and Competencies in Ural Region, Yekaterinburg, Russian Federation
aleb13@bk.ru

ORCID id: not available

Elena A. RAZUMOVSKAYA Ural Federal University named after the First President of Russia B.N. Yeltsin, Yekaterinburg, Russian Federation
rasumovskaya.pochta@gmail.com

https://orcid.org/0000-0003-1496-2553

Subject. We consider financial parameters of the Russian Federation economy.
Objectives. The purpose is to assess the condition of the financial system of the Russian Federation based on the analysis of financial parameters of the national economy.
Methods. The study employs analytical and expert methods on the basis of the analysis of data of the Bank of Russia and the Federal State Statistics Service.
Results. The paper analyzes certain financial parameters of the Russian national economy, i.e. investments in fixed assets by fixed asset type, the country's external debt, the national currency rate of exchange, in comparison with indicators, characterizing the condition of the financial system, i.e. capitalization of commercial banks, monetary aggregates, the volume of reserves of the Bank of Russia. The analysis shows a better dynamics against that predicted at the beginning of the crisis period.
Conclusions. To justify the assessment of the condition of the financial system, it is necessary to rely on a deeper analysis of a wider range of indicators, both economic and financial.

Keywords: financial system, macroeconomic dynamics, public debt, national economy

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