Impact of Financial Instruments of the Bank of Russia for the Stability of the Banking System

DOI

10.2991/aebmr.k.200509.100How to use a DOI?

Keywords

deposit and credit auctions, fine-tuning operations, a pawn list, refinancing

Abstract

The subject of this research is the economic relations developing in the banking sector of the economy, where the role and application of the basic financial instruments of monetary regulation are fundamental to maintain liquidity, increase the reliability and business reputation of credit organizations. Purpose of the study: analyze the changes in the monetary policy of the Bank of Russia in the context of containing inflation at a low level, summarize the practice of applying its main financial instruments at the present stage, identify problems and develop proposals for the effective use of regulatory standards in order to ensure economic growth in the country. The methodological basis of this study was composed by methods of comparative and system analysis, methods of deduction and induction, grouping and comparison, detailing and generalization, systematization and classification. Key results: 1. An analysis of the evolution of the development of monetary policy in the context of containing inflation is presented. 2. The modern practice of applying financial instruments of monetary regulation is generalized. 3. The advantages and disadvantages of strengthening inflation targeting in comparison with other instruments of monetary regulation are revealed. 4. Proposals are submitted to state authorities and the Bank of Russia both in legislative acts and in the main directions of monetary policy. The authors justified the conclusion of the transition to a stimulating monetary policy, aimed at ensuring a more dynamic economic growth in the country. Key findings of the research: 1. The approaches to the formation and application of the main financial instruments of monetary regulation are systematized 2. The investment characteristics of deposit and credit instruments of the Bank of Russia are presented.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - V.A. Tatyannikov
AU  - T.V. Reshetnikova
AU  - E.N. Prokofieva
PY  - 2020
DA  - 2020/05/12
TI  - Impact of Financial Instruments of the Bank of Russia for the Stability of the Banking System
BT  - Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)
PB  - Atlantis Press
SP  - 566
EP  - 571
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200509.100
DO  - 10.2991/aebmr.k.200509.100
ID  - Tatyannikov2020
ER  -