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Finance and Credit
 

The Relationship Between Monetary Policy and Banking Policy to Manage Macro-Financial Flows of the Russian Banking Sector

Vol. 27, Iss. 8, AUGUST 2021

Received: 15 April 2021

Received in revised form: 29 April 2021

Accepted: 13 May 2021

Available online: 30 August 2021

Subject Heading: Banking

JEL Classification: G21

Pages: 1790–1812

https://doi.org/10.24891/fc.27.8.1790

Aleksei A. KONYAEV Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation
konyaevaa@mail.ru

https://orcid.org/0000-0002-7610-7301

Subject. This article analyzes the current state of the relationship between monetary policy and banking policy to manage macro-financial flows of the banking sector of Russia.
Objectives. The article aims to assess how closely monetary policy and banking policy are linked in order to manage the macro-financial flows of the Russian banking sector.
Methods. For the study, I used normative and integrated approaches, and general scientific and special methods of scientific knowledge.
Results. The article assesses the relationship between monetary policy and banking policy to manage macro-financial flows of the banking sector of Russia.
Conclusions. The Bank of Russia's monetary policy transmission mechanism needs to be developed and improved. Developing a new channel of influence, i.e. the digital channel of the transmission mechanism, is a promising area to improve it.

Keywords: banking sector, macro-financial flows, monetary policy, banking policy

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