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Monetary and Credit Policy of Russia as a Factor of Ensuring its Security

https://doi.org/10.21686/2413-2829-2019-6-11-20

Abstract

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.  

About the Authors

V. I. Karpunin
Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs Russian Federation; Moscow University for Industry and Finance «Synergy»
Russian Federation

Vyacheslav I. Karpunin – PhD, Assistant Professor of the Department  for 'Banks. Money Circulation and Credit'  of MGIMO University;  Assistant Professor of the Department  for Banking of the Synergy University

76 Vernadskiy Avenue,  Moscow, 119454

80 Leningradsky Avenue, Moscow, 125190



Т. S. Novashina
Moscow University for Industry and Finance «Synergy»
Russian Federation

Tatyana S. Novashina – PhD, Assistant Professor, the Head of the Department for Banking  

80 Leningradsky Avenue, Moscow, 125190



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Review

For citations:


Karpunin V.I., Novashina Т.S. Monetary and Credit Policy of Russia as a Factor of Ensuring its Security. Vestnik of the Plekhanov Russian University of Economics. 2019;(6):11-20. (In Russ.) https://doi.org/10.21686/2413-2829-2019-6-11-20

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ISSN 2413-2829 (Print)
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