Importance The article studies the ways of ensuring the reproduction of society as a subject of the system of monetary relations. Objectives The aim of the article is to study the role of the major actors involved in the implementation of a financial and credit mechanism of investment in reproduction of society. Methods For the study, I used systems and comparative analyses, methods of causality, consistency, and comprehensiveness. Results I formed a financial and credit mechanism of investment in reproduction of society and defined the roles of the subjects involved in the implementation of this mechanism. I present the key aspects of the formation of state governing, interaction of parties as a purposeful process of formation of conditions for ensuring the qualitative and quantitative reproduction of population. Conclusions I conclude that the development of society depends upon participation of the major actors in the system of monetary relations.
Keywords: quality of life, society, reproduction, population, needs, monetary mechanism
References:
Shafirov L.A. [Harmonizing the interests of lenders and borrowers with the goals of sustainable territorial development: The basis for product development in retail banking: A survey of literature]. TERRA ECONOMICUS, 2014, vol. 12, no. 2, pp. 88–108. (In Russ.)
Abhijit Banerjee, Esther Duflo, Rachel Glennerster, Cynthia Kinnan. The Miracle of Microfinance? Evidence from a Randomized Evaluation. American Economic Journal: Applied Economics, 2015, vol. 7, no. 1, pp. 22–53.
Attanasio Orazio, Britta Augsburg, Ralph De Haas, Emla Fitzsimons, Heike Harmgart. The Impacts of Microfinance: Evidence from Joint-Liability Lending in Mongolia. American Economic Journal: Applied Economics, 2015, vol. 7, no. 1, pp. 90–122.
Manuela Angelucci, Dean Karlan, Jonathan Zinman. Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco. American Economic Journal: Applied Economics, 2015, vol. 7, no. 1, pp. 151–182.
Meng-Wen Wu, Chung-Hua Shen. Corporate Social Responsibility in the Banking Industry: Motives and Financial Performance. Journal of Banking & Finance, 2013, vol. 37, no. 9, pp. 3529–3547. doi: 10.1016/j.jbankfin.2013.04.023
Chuen-Ping Chang, Shi Chen. Government Capital Injection, Credit Risk Transfer, and Bank Performance during a Financial Crisis. Economic Modelling, 2016, vol. 53, pp. 477–486. doi: 10.1016/j.econmod.2015.10.046
Guseva O.G. [Management of clients' loyalty on the basis of peculiarities allocation of banking products]. TERRA ECONOMICUS, 2011, vol. 9, no. 4-3, pp. 108–110. (In Russ.)
Rubaszek M., Serwa D. Determinants of Credit to Households: An Approach Using the Life-Cycle Model. Economic Systems, 2014, vol. 38, no. 4, pp. 572–587. doi: 10.1016/j.ecosys.2014.05.004
Bucher M., Dietrich D., Hauck A. Business Cycles, Bank Credit and Crises. Economics Letters, 2013, vol. 120, no. 2, pp. 229–231. doi: 10.1016/j.econlet.2013.04.029
Dzhorobaeva M.A. [Prospects for the development and the status of non-bank financial institutions in the Kyrgyz Republic]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2012, no. 15, pp. 123–128. (In Russ.)
Soesmanto T., Selvanathan E.A., Selvanathan S. Analysis of the Management of Currency Composition of Foreign Exchange Reserves in Australia. Economic Analysis and Policy, 2015, vol. 47, pp. 82–89. doi: 10.1016/j.eap.2015.07.002
Goryunov E., Drobyshevskii S., Trunin P. [Monetary Policy of the Bank of Russia: Strategy and Tactics]. Voprosy Ekonomiki, 2015, no. 4, pp. 53–85. (In Russ.)
Maria Helena Ambrosio Dias, Anderson Mutter Teixeira, Joilson Dias. New Macroeconomic Consensus and Inflation Targeting: Monetary Policy Committee Directors' Turnover in Brazil. EconomiA, 2013, vol. 14, no. 3-4, pp. 158–170. doi: 10.1016/j.econ.2013.10.002
Sánchez M. Monetary Accommodation, Imperfect Central Bank Transparency and Optimal Delegation. Economics Letters, 2013, vol. 120, no. 3, pp. 392–396. doi: 10.1016/j.econlet.2013.05.020
Brumm H.J. The Effect of Central Bank Independence on Inflation in Developing Countries. Economics Letters, 2006, vol. 90, no. 2, pp. 189–193. doi: 10.1016/j.econlet.2005.07.025
Berger W., Kißmer F. Central Bank Independence and Financial Stability: A Tale of Perfect Harmony? European Journal of Political Economy, 2013, vol. 31, no. C, pp. 109–118. doi: 10.1016/j.ejpoleco.2013.04.004
Arnone M., Romelli D. Dynamic Central Bank Independence Indices and Inflation Rate: A New Empirical Exploration. Journal of Financial Stability, 2013, vol. 9, no. 3, pp. 385–398. doi: 10.1016/j.jfs.2013.03.002
Castro V. Can Central Banks' Monetary Policy Be Described by a Linear (Augmented) Taylor Rule or by a Nonlinear Rule? Journal of Financial Stability, 2011, vol. 7, no. 4, pp. 228–246. doi: 10.1016/j.jfs.2010.06.002
Avraamova E., Maleva T. [Social Recourses of Population under the Conditions of Losing Economic Stability]. Voprosy Ekonomiki, 2015, no. 11, pp. 86–99. (In Russ.)
Antonyuk V.S., Danilova I.V., Mitel'man S.A., Bulikeeva A.Zh. [Regional Social Infrastructure Management as the Instrument for Improving the Quality of Life in the Ural Federal District]. Ekonomika regiona = Economy of Region, 2015, no. 3, pp. 53–66. (In Russ.)
