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Finance and Credit
 

Financial dynamics of modern Russia

Vol. 28, Iss. 10, OCTOBER 2022

Received: 1 August 2022

Received in revised form: 29 August 2022

Accepted: 12 September 2022

Available online: 27 October 2022

Subject Heading: Financial system

JEL Classification: E44, Е60, Е69

Pages: 2318–2337

https://doi.org/10.24891/fc.28.10.2318

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. The article addresses the financial dynamics of modern Russia.
Objectives. The purpose is to determine the financial dynamics of modern Russia.
Methods. The study rests on the systems approach, using the methods of statistical, neural network, and cluster analysis.
Results. The study defines the basis of modern Russia’s financial dynamics, i.e. claims on government bodies of credit institutions held by funds in escrow accounts of individuals. The general provision specifies claims of credit institutions, in rubles and in foreign currency, on other financial institutions, non-financial organizations, and the population, and claims on non-residents as important for the financial dynamics. Essential elements of the financial dynamics of the banking system are debt securities, included in the broad money supply, funds in escrow accounts of individuals, claims on other financial, non-financial organizations, and the public.
Conclusions. The financial dynamics of modern Russia shows the monetary authorities the importance of adequacy of growth rates of claims on government bodies of credit institutions and funds in escrow accounts of individuals, for maintaining the stability of the financial system.

Keywords: public administration, dynamics, debt, escrow account, finance

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