The article focuses on an exhibit that has been recently acquired by the Bank of Russia Museum and Exposition Fund -a silver purse bearing an engraved picture of a 5% state domestic premium loan bond with gain (1864). The author attempts to deduce who and when produced the purse, trying to determine the circumstances boosting demand for such items. An explanation of the craftsman's choice of the theme for its design is also provided.
В марте 2014 г. в результате общекрымского референдума о воссоединении Крыма с Россией в составе Российской Федерации были образованы новые субъекты - Республика Крым и город федерального значения Севастополь. Прошли три во всех отношениях непростых года - условия переходного периода, действие режима международных санкций, социально-экономические проблемы развития... Сегодня повышение темпов экономического роста - одна из ключевых задач социальноэкономического развития страны. Редакция журнала «Деньги и кредит» обратилась к министру экономического развития Республики Крым А.Г. Мельникову с просьбой рассказать о состоянии дел в экономике Республики Крым, как идет становление финансового рынка, какие области экономики являются «локомотивами» развития полуострова на ближайшие годы.
Kiyutsevskaya Anna, Trunin Pavel
The Bank's of Russia exchange rate policy has met the IMF classification's criteria of a freely floating exchange rate since summer 2015 due to the CBR's refusal to intervene in the currency market. As a result Russia has become the fourth developing country, whose central bank adheres to inflation targeting with freely floating exchange rate. The article considers the main principles of the exchange rate policy under inflation targeting based on international experience.
Usoskin Valentin, Belousova Veronika, Kozyr Ilia
The paper focuses on the approaches which allow us to understand the roles of financial intermediaries in economy and their involvement in the innovation process. We analyze those segments of financial intermediation where fintech companies are most actively working. In addition, we describe options for interaction and competition of traditional financial intermediaries and fintech companies.
In article on the basis of documentary and numismatical sources the attempt of entering of the commodity-money relations in the second half of XVIII - the beginning of the 20th centuries at the people of the Khanty and Mansi (the Ob Ugrs) who lived in Yugra is considered. Despite purposeful state policy, natives continued to use coins and banknotes in the religious purposes, withdrawing them from circulation. The author has analysed a collection of coins from pagan temples of the Ob Ugrs and came to a conclusion that the quantity of money for sacrifices increased in proportion to development of the commodity-money relations in the region. This phenomenon reflected the conflict of «exchange of gifts economy» and the market relations.
Pozdyshev Vasily, Govakova Anna, Gavrilenko Dmitry
Chernyavsky Denis, Mukanov Nurbulat
In the research process of transition from de facto mode of the fixed exchange rate to the floating exchange rate and introduction of the inflation targeting from the point of view of macroeconomic forecasting within the framework of the forecasting and policy analysis system (FPAS) is considered.
Kashapov Marat, Eidemiller Konstantin
Personal deposit accounts of citizens provide the foundation for the financial market development and the level of interest rates is able to considerably affect the savings accounts administering model conditionally. During last years the Central Bank of the Russian Federation has repeatedly declared the necessity of maintaining positive interest rates for the support of personal saving behavior. The report on the basis of the analysis of statistical data on the deposits of the population in the credit organizations in 2015-2016 concludes that this policy stimulates minor group of wealthy population. The majority of the population does not have savings accounts or their balances are minimal. The understanding of character of influence of the positive real interest rate on separate categories of depositors is important from the positions of definition of policy concerning formation of deposits of the population, and also the strategy of financial market development.
The article covers the actual theme of issuing bonds in Chinese national currency Yuan Renminbi by foreign entities with the focus on the latest developments in the plans of Russian financial authorities, banks and companies to issue such bonds in Russia and China as the alternative source of borrowings.