Affordable Credit Resources to Implement Investment Projects in Industry of Russia
https://doi.org/10.21686/2413-2829-2020-4-24-35
Abstract
Raising loan finance by industrial enterprises for the development of their investment projects is an important factor for economic growth in Russia. Due to this the problem of credit resource affordability for Russian business becomes more and more topical. The article analyzes possibilities of credit affordability regulation for industrial enterprises by tools of monetary policy of the Central Bank of the Russian Federation. The author aims at indentifying the current problems of the credit system for industrial enterprises and finding the key lines in its improvement. Within the frames of the research the author estimates the impact of high and low interest rates on the volume of industry crediting, analyzes the structure of giving credits to non-financial organizations and studies the problem of long cash affordability for realizing investment projects in industry. The article also investigates the asset concentration in the banking sector and shows the higher role of state and the diminishing number of commercial banks and their branches. Certain important lines of development were identified, which in the future could determine the situation in industry crediting in Russia. Finding of the research can be used for devising the state strategy of developing the system of industry crediting in Russia.
About the Author
V. A. Eremkin
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Vladimir A. Eremkin Senior Researcher of the Laboratory for Macroeconomic Statistics and Analysis
36 Stremyanny Lane, Moscow, 117997
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Review
For citations:
Eremkin V.A. Affordable Credit Resources to Implement Investment Projects in Industry of Russia. Vestnik of the Plekhanov Russian University of Economics. 2020;17(4):24-35. (In Russ.) https://doi.org/10.21686/2413-2829-2020-4-24-35
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