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Finance and Credit
 

On the expediency of independent monetary policy of the Russian Federation: A market aspect

Vol. 31, Iss. 1, JANUARY 2025

Received: 12 September 2024

Accepted: 10 October 2024

Available online: 30 January 2025

Subject Heading: MONETARY ACCOMMODATION

JEL Classification: G28

Pages: 78-90

https://doi.org/10.24891/fc.31.1.78

Dar’ya A. DINETS Peoples' Friendship University of Russia named after Patrice Lumumba (RUDN University), Moscow, Russian Federation
dardinets@gmail.com

https://orcid.org/0000-0001-8734-8998

Subject. This article examines the economic relations that arise during the implementation of the independent monetary policy of the Central Bank of the Russian Federation, and lead to the emergence of negative impulses that hinder the achievement of the country's economic development goals.
Objectives. The article aims to develop the theory of monetary regulation and formulate new tasks of monetary policy in the context of both sanctions pressure and the impossibility of expanding national markets.
Methods. For the study, I used a comparative analysis.
Results. The article presents structurally proposed changes in the areas of the financial policy of the Russian Federation as tools for fine-tuning the parameters of monetary policy.
Conclusions. The article concludes that it is impossible for the Central Bank of the Russian Federation to conduct an independent monetary policy in the face of fierce competition between countries. For the successful expansion of the market, a coordinated financial policy is necessary, subordinated to the tasks of ensuring the expanded reproduction of capital.

Keywords: monetary policy, inflation targeting, market, liquidity

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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