Subject. This article discusses the issues of maintaining the stability of the national currency and adapting the Russian economy to new conditions. Objectives. The article aims to analyze the peculiarities of money circulation in Russia. Methods. For the study, I used a statistical analysis. Results. The article establishes the fact of outstripping growth of the monetary aggregate M2 relative to the monetary aggregates M1 and M0, and that household assets get concentrated in the form of funds in escrow and deposit accounts. Conclusions. The increase in the key interest rate of the Central Bank of the Russian Federation indicates a critical situation in the country's financial system.
Smirnov E.E. [Russian monetary policy in 2023–2025: a course towards stability and efficiency]. Auditor, 2023, vol. 9, no. 1, pp. 3–9. (In Russ.) URL: Link
Kulikov N.I., Vdovina E.S., Syrbu A.P., Shustova V.N. [Are western sanctions so terrible and how to contain their impact on the economy and population of Russia?]. Finansy i kredit = Finance and Credit, 2023, vol. 29, iss. 2, pp. 337–364. (In Russ.) URL: Link
Sukharev O.S. [Monetary policy for economic growth in Russia: accumulative slowing effect]. Obshchestvo i ekonomika = Society and Economy, 2023, no. 1, pp. 5–26. (In Russ.) URL: Link
Zeleneva E.S., Likhopoi A.O. [Principles and instruments of monetary policy in conditions of economic instability]. Finansovyi menedzhment = Financial Management, 2023, no. 1, pp. 100–106. (In Russ.) URL: Link
Vorontsov D.A., Tolstikov G.O., Chekmarev S.A., Zakrevskaya E.A. [Analysis of the impact of measures to support the banking sector by the Central Bank of the Russian Federation in the context of anti-Russian sanctions]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2023, no. 2, pp. 187–195. (In Russ.) URL: Link
Li X.-L., Xie P., Ding H., Si D.-K. Central Bank Lending Facility and Investment Efficiency of Non-SOEs: Evidence from China. Economic Modelling, 2023, vol. 126. URL: Link
Bohl M.T., Kanelis D., Siklos P.L. Central Bank Mandates: How Differences Can Influence the Content and Tone of Central Bank Communication. Journal of International Money and Finance, 2023, vol. 130. URL: Link
Liu J., Liu L., Min M. et al. Can Central Bank Communication Effectively Guide the Monetary Policy Expectation of the Public? China Economic Review, 2022, vol. 75. URL: Link
Huseynov V.M., Tsitskiev M.M. [Influence of the interest rate policy of the Central Bank on the operations of commercial banks]. Finansovaya ekonomika = Financial Economy, 2023, no. 5, pp. 220–222. (In Russ.)
Lyandau Yu.V., Ter-Ovanesov D.M. [Impact of the Bank of Russia monetary policy instruments on economic development indicators]. Innovatsii i investitsii = Innovation & Investment, 2023, no. 1, pp. 112‒114. URL: Link (In Russ.)
Malkina M.Yu., Balakin R.V. [The Relation of financial and industrial stresses to monetary policy parameters in the Russian Economy]. Finansovyi zhurnal = Financial Journal, 2023, vol. 15, no. 3, pp. 104–121. (In Russ.) URL: Link
Iokhin V.Ya., Vashchekina I.V. [Developing monetary-credit tools in national economy of Russia]. Vestnik Rossiiskogo ekonomicheskogo universiteta imeni G. V. Plekhanova = Vestnik of Plekhanov Russian University of Economics, 2023, no. 3, pp. 102–112. (In Russ.) URL: Link
Podol'skaya E.A. [The impact of mortgage rates on improving housing conditions during a period of uncertainty and risk]. Nauka i biznes: puti razvitiya = Science and Business: Ways of Development, 2023, no. 1, pp. 117‒131. URL: Link-2023-main.pdf (In Russ.)
Magomedova P.A. [The main problems of the development of the banking sector in Russia]. Teoriya i praktika mirovoi nauki = Theory and Practice of the World Science, 2023, no. 1, pp. 45–49. (In Russ.)
Gulina Ya., Bobkov A.V. [Damping threats to the national economy using digital tools of the Central Bank of the Russian Federation]. Obshchestvo i ekonomika = Society and Economy, 2023, no. 3, pp. 28–46. (In Russ.) URL: Link
Grodecka-Messi A., Zhang X. Private Bank Money vs Central Bank Money: A Historical Lesson for CBDC Introduction. Journal of Economic Dynamics and Control, 2023, vol. 154. URL: Link
Alfar A.J.K., Kumpamool Ch., Nguyen D.T.K., Ahmed R. The Determinants of Issuing Central Bank Digital Currencies. Research in International Business and Finance, 2023, vol. 64. URL: Link
