Analysis of Influence of Household Debt on Potential Consumer Lending Growth in Russia in 2016-2017

Kulikov Dmitry

Banking Sector Liquidity Management in the Conditions of Transition to Structural Surplus

Polonsky Aleksandr

This paper discusses the changes in the implementation of the monetary policy instruments by the Bank of Russia during the transition from a structural liquidity deficit to a structural liquidity surplus in the banking sector. It is concluded that the monetary conditions easing associated with the liquidity surplus is limited and controlled. The Bank of Russia has available the set of instruments needed to keep short-term money market rates close to the key rate.

Dynamics of Interregional Differences in 2014-2015

Starichkov Mikhail

Exported and Imported Inflation in Open Economies

Khudyakova Liudmila, Polivach Aleksandr

This article reviews main ways of influence of external factors on development of inflation (deflation) in a country. Authors analyse works of foreign economists, including international organizations, on these aspects. A weight was given to a problem of inflation transmission from one country to another one through the exchange rate fluctuations. Also a role of globalization as a separate factor of influence on inflation (deflation) is considered herein.

Moderately Tight Monetary Policy is Necessary to Achieve the Inflation Target in 2017

Chernyadiev Dmitry, Vlasov Sergey

This article considers current inflation dynamics which, according to Bank of Russia forecasts, is on a downward path towards 4% target in 2017. Nevertheless, there are risks, both internal and external, which can hold back disinflation process. Bank of Russia can neutralize negative effects stemming from these risks by keeping moderately tight stance of its monetary policy.

Place and Role of Cash in Global Economy (Will Cash Disappear?)

Ionov Viktor

The latest currency circulation trends are examined in the article. In connection with the constant statements in the foreign mass media about need of resolute refusal from a cash liquidity and universal replacement of it by cashless payments the analysis of a place and a role of cash in economy of the Scandinavian countries most actively declaring transition to «cashless society», and other (the largest) economically developed countries of the world is carried out. The economic and social factors influencing on «a payment landscape» in various countries and prospects of cash circulation development worldwide for the next decade are considered.

Prospects for International Monetary System Reform: Modern Approaches

Smyslov Dmitry

The article aims at characterizing modern basic trends of the International monetary system (IMS) transformation, conditioned by important shifts in the structure of the world economy and inspired by the global economic and financial crisis. The corresponding advices contained in declarations of the Group of Twenty's summits and the International Monetary Fund's analytical reports of the years 2011 and 2016 are described. Discussions going on nowadays in the world expert community and practical measures on modifying the IMS' key institutional components have been revealed. These components are: the system of the Special Drawing Rights (SDR), exchange rate regimes, approaches to the management of the cross-border capital flows.

«Regulatory Sandboxes» as an Instrument to Support Financial Innovations

Dostov Viktor, Schust Pavel, Ryabkova Ekaterina

The paper presents an analysis of the global approaches to creation of the regulatory sandboxes - «safe spaces» where businesses can test innovative products and services in a live environment without risks of abreaching financial regulations. Authors present the cases of the Great Britain, Singapore, Australia and the United Arab Emirates.

Revisiting the Modernisation of Notional Framework of the Banking Sector

Poltoradneva Natalia, Dolgushina Anastasia

The article defines the «banking customer service» term and its relations to the substantial and notional amount of such terms as «banking service» and «banking product». The practical application of the theoretical results of the research will improve the accuracy in the description of the properties and characteristics of each concept, which will contribute to ultimately enhance the transparency of banking and quality of customer service.

Supervision and Oversight in the National Payment System: Activities of the Bank of Russia Main Branch for the Central Federal District

Gridchin Vladislav

The article presents an experience of the Bank of Russia Main Branch for the Central Federal District in exercising supervision over money transfer operators, which are credit institutions, payment system operators and operators of payment infrastructure services, as well as with regard to the national payment system oversight. The Central Federal District is distinguished by a high concentration of payment system agents registered in the Russian Federation, payment services consumers and also a developed payment infrastructure. Possessing a great practical experience acquired in the course of supervision and oversight of the national payment system the Main Branch for the Central Federal District regularly submits to the Bank of Russia proposals on how to improve the national payment system legislation, develop new regulations or amend the applicable ones, thus making payment services more accessible and upgrading high-tech payment services and products.




This content is a part of the Accounting, Audit, Taxes collection from eLIBRARY.
If you are interested to know more about access and subscription options, you are welcome to leave your request below or contact us by eresources@mippbooks.com