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Finance and Credit
 

Russian money movement from base to stock

Vol. 28, Iss. 12, DECEMBER 2022

Received: 12 September 2022

Received in revised form: 20 October 2022

Accepted: 3 November 2022

Available online: 28 December 2022

Subject Heading: Financial system

JEL Classification: E40, Е41, Е47, E49, E50

Pages: 2852–2872

https://doi.org/10.24891/fc.28.12.2852

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. The article considers the Russian movement of money from the base to the stock.
Objectives. The aim is to determine parameters of the Russian movement of money from the base to the stock.
Methods. The study rests on the systems approach, using the method of statistical, neural network, and cluster analysis.
Results. The study found that money supply growth steadily exceeds the corresponding dynamics of monetary base. The article shows a lagging change in the key rate relative to inflation. The paper highlights the basis of the Russian movement of money from the base to the stock, i.e. claims on the State administration bodies of credit institutions held by funds in the escrow accounts of individuals. The findings showed the importance of claims on other sectors, securities, insurance technical reserves of the financial sector, debt securities of the Central Bank for the Russian movement of money from base to stock.
Conclusions. The parameters of the Russian movement of money from the base to the stock, related to the banking system and requirements to the population, government bodies, and other sectors, will help the government to effectively use the potential of the economy in the transition from a catching-up development model to a leading one.

Keywords: monetary base, money supply, development model, financial system

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