Home  Journals  National Interests: Priorities and Security  6(423) - 2023 June

Sources of Russia's economic advance

Received: 14 March 2023

Received in revised form: 19 April 2023

Accepted: 11 May 2023

Available online: 15 June 2023

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: O10, O40, O49

Pages: 1109–1131

https://doi.org/10.24891/ni.19.6.1109

Subject. This article analyzes the securities market, banking system and the peculiarities of money circulation in Russia.
Objectives. The article aims to determine the areas of financial policy that are most important for ensuring economic growth in Russia.
Methods. For the study, I used a correlation analysis.
Results. The article finds that cash in circulation forms the basis of the financial system of Russia. It reveals the need to increase the rate of sterilization of the money supply due to a significant increase in domestic borrowing and/or a decrease in wages of the population. Government bonds and non-financial organizations account for the largest share in the debt structure on debt securities.
Conclusions. The results of the study can be used to identify the principal risks for the financial system of Russia.

Keywords: domestic borrowing, wages, cash, non-financial organizations, labor productivity

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