Monetary and Credit Policy of Russia as a Factor of Ensuring its Security
The article explains the necessity to transform monetary and credit policy as a result of creative, expedient, professionally orientated work of individual, professional community and national elite. Real economy and finance economy differ, they are dialectically interconnected and form respective b...
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| Format: | Article |
| Language: | Russian |
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Plekhanov Russian University of Economics
2019-12-01
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| Series: | Вестник Российского экономического университета имени Г. В. Плеханова |
| Subjects: | |
| Online Access: | https://vest.rea.ru/jour/article/view/785 |
| _version_ | 1826571640220155904 |
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| author | V. I. Karpunin Т. S. Novashina |
| author_facet | V. I. Karpunin Т. S. Novashina |
| author_sort | V. I. Karpunin |
| collection | DOAJ |
| description | The article explains the necessity to transform monetary and credit policy as a result of creative, expedient, professionally orientated work of individual, professional community and national elite. Real economy and finance economy differ, they are dialectically interconnected and form respective basic systems. Sustainable functioning of economic and finance systems provides the foundation of social and cultural development and rise in nation welfare. The top management of the Bank of Russia, as a monetary authority, demonstrates its misunderstanding of the fact that it accepts initially conflicting postulates and later transforms them in concrete tools of pursuing monetary and credit policy. In the chain of historical events we can observe a line of causeandeffect relations, which predetermine historical process inevitability. What happened belongs to the past. However, it is necessary to draw conclusions by analyzing the historical experience, first of all it is essential for monetary authority, managerial, political, academic elite in order to understand the necessity of a new paradigm and to develop the concept of monetary and credit policy of Russia, which would comply with today’s realities, with complicated geo-political and geo-economic processes and would target at protection and guarantee of stability of the ruble, national finance system and national security. |
| first_indexed | 2024-03-12T04:16:52Z |
| format | Article |
| id | doaj.art-37ff4b5694fb48ae874281e648959244 |
| institution | Directory Open Access Journal |
| issn | 2413-2829 2587-9251 |
| language | Russian |
| last_indexed | 2025-03-14T12:14:20Z |
| publishDate | 2019-12-01 |
| publisher | Plekhanov Russian University of Economics |
| record_format | Article |
| series | Вестник Российского экономического университета имени Г. В. Плеханова |
| spelling | doaj.art-37ff4b5694fb48ae874281e6489592442025-03-02T09:36:57ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512019-12-0106112010.21686/2413-2829-2019-6-11-20659Monetary and Credit Policy of Russia as a Factor of Ensuring its SecurityV. I. Karpunin0Т. S. Novashina1Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs Russian Federation; Moscow University for Industry and Finance «Synergy»Moscow University for Industry and Finance «Synergy»The article explains the necessity to transform monetary and credit policy as a result of creative, expedient, professionally orientated work of individual, professional community and national elite. Real economy and finance economy differ, they are dialectically interconnected and form respective basic systems. Sustainable functioning of economic and finance systems provides the foundation of social and cultural development and rise in nation welfare. The top management of the Bank of Russia, as a monetary authority, demonstrates its misunderstanding of the fact that it accepts initially conflicting postulates and later transforms them in concrete tools of pursuing monetary and credit policy. In the chain of historical events we can observe a line of causeandeffect relations, which predetermine historical process inevitability. What happened belongs to the past. However, it is necessary to draw conclusions by analyzing the historical experience, first of all it is essential for monetary authority, managerial, political, academic elite in order to understand the necessity of a new paradigm and to develop the concept of monetary and credit policy of Russia, which would comply with today’s realities, with complicated geo-political and geo-economic processes and would target at protection and guarantee of stability of the ruble, national finance system and national security.https://vest.rea.ru/jour/article/view/785moneyforeign currency marketconcept of monetary and credit policytools of pursuing monetary and credit policymonetary authoritynational elitethe national finance councilchallenges of monetary and credit policycontradictions of monetary and credit policytransmission mechanismfinance marketfinance system |
| spellingShingle | V. I. Karpunin Т. S. Novashina Monetary and Credit Policy of Russia as a Factor of Ensuring its Security Вестник Российского экономического университета имени Г. В. Плеханова money foreign currency market concept of monetary and credit policy tools of pursuing monetary and credit policy monetary authority national elite the national finance council challenges of monetary and credit policy contradictions of monetary and credit policy transmission mechanism finance market finance system |
| title | Monetary and Credit Policy of Russia as a Factor of Ensuring its Security |
| title_full | Monetary and Credit Policy of Russia as a Factor of Ensuring its Security |
| title_fullStr | Monetary and Credit Policy of Russia as a Factor of Ensuring its Security |
| title_full_unstemmed | Monetary and Credit Policy of Russia as a Factor of Ensuring its Security |
| title_short | Monetary and Credit Policy of Russia as a Factor of Ensuring its Security |
| title_sort | monetary and credit policy of russia as a factor of ensuring its security |
| topic | money foreign currency market concept of monetary and credit policy tools of pursuing monetary and credit policy monetary authority national elite the national finance council challenges of monetary and credit policy contradictions of monetary and credit policy transmission mechanism finance market finance system |
| url | https://vest.rea.ru/jour/article/view/785 |
| work_keys_str_mv | AT vikarpunin monetaryandcreditpolicyofrussiaasafactorofensuringitssecurity AT tsnovashina monetaryandcreditpolicyofrussiaasafactorofensuringitssecurity |