REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK?
The study subject of this article is one of the most relevant instruments governing the activities of the central bank - refinancing. The purpose of this paper is to analyze the instrument in terms of its compliance with the essence of money in today's monetary system. Refinancing as a tool of...
| Main Author: | |
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2018-04-01
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| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/56 |
| _version_ | 1826566340634214400 |
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| author | YURI ALEKSEEVICH Kropin |
| author_facet | YURI ALEKSEEVICH Kropin |
| author_sort | YURI ALEKSEEVICH Kropin |
| collection | DOAJ |
| description | The study subject of this article is one of the most relevant instruments governing the activities of the central bank - refinancing. The purpose of this paper is to analyze the instrument in terms of its compliance with the essence of money in today's monetary system. Refinancing as a tool of the Central Bank came under “golden standard” monetary system, while under current conditions there is a fiduciary type of thesystem, involving the use of other instruments of market processes regulation. As a result, the study concludes that the current existing practice of refinancing is self-contradictory; it does not contribute to the equilibriumof the market development in the sphere of monetary circulation. The methods of research used in the article were the analysis and synthesis of organic consistency of the material, and some others. Results are meant for application in regulating activities of the Central Bank. |
| first_indexed | 2024-03-12T03:07:21Z |
| format | Article |
| id | doaj.art-8b7590892ad34ab89118419fd3f60dcb |
| institution | Directory Open Access Journal |
| issn | 2220-6469 2220-7872 |
| language | Russian |
| last_indexed | 2025-03-14T10:50:06Z |
| publishDate | 2018-04-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Мир новой экономики |
| spelling | doaj.art-8b7590892ad34ab89118419fd3f60dcb2025-03-02T10:52:02ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722018-04-0101384456REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK?YURI ALEKSEEVICH Kropin0Financial UniversityThe study subject of this article is one of the most relevant instruments governing the activities of the central bank - refinancing. The purpose of this paper is to analyze the instrument in terms of its compliance with the essence of money in today's monetary system. Refinancing as a tool of the Central Bank came under “golden standard” monetary system, while under current conditions there is a fiduciary type of thesystem, involving the use of other instruments of market processes regulation. As a result, the study concludes that the current existing practice of refinancing is self-contradictory; it does not contribute to the equilibriumof the market development in the sphere of monetary circulation. The methods of research used in the article were the analysis and synthesis of organic consistency of the material, and some others. Results are meant for application in regulating activities of the Central Bank.https://wne.fa.ru/jour/article/view/56moneymoney systemthe central bankthe assets of the central bank refinancing rate of thecentral bank |
| spellingShingle | YURI ALEKSEEVICH Kropin REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK? Мир новой экономики money money system the central bank the assets of the central bank refinancing rate of thecentral bank |
| title | REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK? |
| title_full | REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK? |
| title_fullStr | REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK? |
| title_full_unstemmed | REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK? |
| title_short | REFINANCING - A TOOL OR A RUDIMENT OF THE CENTRAL BANK? |
| title_sort | refinancing a tool or a rudiment of the central bank |
| topic | money money system the central bank the assets of the central bank refinancing rate of thecentral bank |
| url | https://wne.fa.ru/jour/article/view/56 |
| work_keys_str_mv | AT yurialekseevichkropin refinancingatoolorarudimentofthecentralbank |