| Authors |
Zagumyonnov Viktor Romanovich, student, Financial University under the Government of the Russian Federation (Moscow),
E-mail: nikolayzagum@gmail.com
Sutyagin Vladislav Yuryevich, candidate of economic sciences, associate professor, sub-department of finance and credit, Institute of Economics, Management and Service, Tambov State University named after G. R. Derzhavin, E-mail: sutyagin.vladislav@yandex.ru
Radyukova Yana Yurievna, candidate of economic sciences, associate professor, head of sub-department of finance and credit,
Institute of Economics, Management and Service, Tambov State University named after G. R. Derzhavin, E-mail: radyukova68@mail.ru
Kolesnichenko Elena Alexandrovna, doctor of economic sciences, professor, head of sub-department of human resource management, Institute of Economics, Management and Service, Tambov State University named after G. R. Derzhavin,
E-mail: ekolesnichenko@live.ru
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| Abstract |
Background. Recent years have become difficult for the Russian economy. Sanctions from EU and USA countries, as well as food counter-satellites, have become a catalyst for a recession in the economy. The purpose of this article is to investigate the financial
aspects of the causes of the current crisis.
Materials and methods. The information basis of this study was compiled by the statistics of the Bank of Russia, the International
Monetary Fund, the portals Investing.com, IEconomics, the Moscow stock exchange and the brokerage agency Finam. In addition, in preparing the article, analytical data from OPEC and the US Federal Reserve were used. The basis of the methodology was analysis of the dynamics of numerical series and pair correlation analysis.
Results. By authors in article it is proved that the reasons of today's crisis of economy of Russia have monetary character. The analysis which is carried out by authors showed that a chronic problem of the Russian economy is its low monetization. It is proved that the fact that the current level of monetization of the Russian economy at least, than is twice lower than similar indicators of developed countries, is aggravating in the conditions of action of sanctions on the Russian economy as low monetization is the main limiter of economic growth. Authors defined need of change of course of monetary management as at this conjuncture the realized antiinflation
policy of the Bank of Russia is significantly limited as creates conditions for costpush inflation formation.
Conclusions. The analysis allows us to conclude that a significant internal reserve of economic growth is the money issue. Its effectiveness depends on the solution of two tasks: the mechanism of linking monetary and commodity.
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