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Finance and Credit
 

«Finance and Credit»

ISSUE 12, DECEMBER 2025

 THEORY OF FINANCE

pp. 4-16

Evolution of scientific concepts of financial intermediation

Oksana N. AFANAS’EVA / Dmitrii A. SAPOZHNIKOV )

 Financial system

pp. 17-32

Assessing the impact of financial development on economic growth

Oleg N. SALMANOV / Natal’ya V. BABINA )

pp. 33-52

Financial stress index: Calculation methodology and dynamics

Elena A. FEDOROVA / Valentin A. STEPANOV / Natal’ya V. ALHAMMADI )

pp. 53-62

Economic analysis of embedded oversight in decentralized finance

Mikhail A. IONTSEV )

pp. 63-76

Decentralized finance: A payment system based on the digital ruble

Sergei G. VALENTINOV / Tat’yana Yu. POLKHOVSKAYA )

pp. 77-94

The relationship between financialization and accounting: The issue of capital outflow from the real economy sector to financial economy

Andrei A. AKSENT’EV )

pp. 95-112

The stablecoin market: Analysis, classification, and prospects

Nikita L. ALEKSANDROV )

 BUSINESS VALUE

pp. 113-122

A mathematical model of innovative product development

Sergei N. KUKUSHKIN / Dariko K. BALAKHANOVA / Oleg E. KALENOV / Sergei A. FILIN )

 INVESTING

pp. 123-139

Management control in the patient-centered model of private dental clinic network

Yuliya A. KOVAL’CHUK / Aleksandr V. TSUPIKOV )

pp. 140-151

The essence and features of management in the healthcare system

Maksim A. MAKSIMOV / Irina A. NAUGOL’NOVA )

pp. 152-162

Management of investment projects at high-tech enterprises in the industrial sector of the economy

Artur Yu. ABUZOV )

 FISCAL SYSTEM

pp. 163-179

Budgetary funding for the development of the Russian Federation's scientific and technological potential under sanctions

Mikhail E. KOSOV / Ekaterina V. GOLUBTSOVA / Ekaterina S. NOVIKOVA )

pp. 180-192

Rethinking approaches to tax incentives for long-term investment in equities

Oleg I. BORISOV )

 Financial control

pp. 193-212

Ten years of tax monitoring in Russia: Generalization of theoretical experience

Aleksandr A. PAKKAR’ )

 WORLD MONETARY SYSTEM

pp. 213-225

Government regulation of cryptocurrency transactions

Daniil R. ZHESTKOV )

pp. 226-244

Introduction to the theory of currency overhang: Rethinking currency crises

Mikhail Yu. TARASOV )

 

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

Journal current issue

ISSUE 8
AUGUST 2026

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