On inflation in the Russian economy

For the economy is very important to have the amount of money in circulation, sufficient to serve the movement of goods and services without generating inflation, indicating an excess of money, so matching the growth rate of monetary and commodity weight control is an important task of the monetary...

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Autor principal:	A. I. Bolonin
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2014
Materias:	money inflation economic regulation the money supply monetary circulation purchasing power of money International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/255a48521faf4cd595795c071aec980e
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spelling	oai:doaj.org-article:255a48521faf4cd595795c071aec980e2021-11-23T14:50:56ZOn inflation in the Russian economy2071-81602541-909910.24833/2071-8160-2014-1-34-153-157https://doaj.org/article/255a48521faf4cd595795c071aec980e2014-02-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/22https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099For the economy is very important to have the amount of money in circulation, sufficient to serve the movement of goods and services without generating inflation, indicating an excess of money, so matching the growth rate of monetary and commodity weight control is an important task of the monetary system in all countries. During the time of the gold standard and bimetallism regulation of the economy as a whole was not considered as an important macroeconomic problem. But the economic crisis of 1929 - 1933 forced to reconsider these views and problems of regulation of financial and credit sphere began to be perceived as a function of a stable level of production and employment. The article describes the monetary factors of inflation in the economy and describes the causes, which can lead to programming of monetary growth in the Russian Federation. As the first group of factors impact on the volume of money in circulation in the national economy, the author defined low value added products produced in the country, based on the external market, and the absence, so the room for maneuver of financial resources to stabilize budget revenues with a deterioration in global market conditions. The weakening of the national currency provides large ruble revenues from exports, which reduces the growth of the budget deficit. But the decline of import revenues, which can compensate for the devaluation of the national currency, leads to higher prices in the domestic market due to the prevalence it offers imported goods. The second group of factors linked to the credit activity of banks, which consists in increasing primary issue in lending importers and secondary, which occurs during the formation of foreign exchange reserves by the Bank of Russia. Result of credit activity of banks is to increase money supply growth and the discrepancy between the higher growth of money in circulation and lower growth rates actually created in the production of value added, which leads to the weakening purchasing power of money and rising prices. Each reason has a direct impact on money supply growth and inflation initiates.A. I. BoloninMGIMO University Pressarticlemoneyinflationeconomic regulationthe money supplymonetary circulationpurchasing power of moneyInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 1(34), Pp 153-157 (2014)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	money inflation economic regulation the money supply monetary circulation purchasing power of money International relations JZ2-6530
spellingShingle	money inflation economic regulation the money supply monetary circulation purchasing power of money International relations JZ2-6530 A. I. Bolonin On inflation in the Russian economy
description	For the economy is very important to have the amount of money in circulation, sufficient to serve the movement of goods and services without generating inflation, indicating an excess of money, so matching the growth rate of monetary and commodity weight control is an important task of the monetary system in all countries. During the time of the gold standard and bimetallism regulation of the economy as a whole was not considered as an important macroeconomic problem. But the economic crisis of 1929 - 1933 forced to reconsider these views and problems of regulation of financial and credit sphere began to be perceived as a function of a stable level of production and employment. The article describes the monetary factors of inflation in the economy and describes the causes, which can lead to programming of monetary growth in the Russian Federation. As the first group of factors impact on the volume of money in circulation in the national economy, the author defined low value added products produced in the country, based on the external market, and the absence, so the room for maneuver of financial resources to stabilize budget revenues with a deterioration in global market conditions. The weakening of the national currency provides large ruble revenues from exports, which reduces the growth of the budget deficit. But the decline of import revenues, which can compensate for the devaluation of the national currency, leads to higher prices in the domestic market due to the prevalence it offers imported goods. The second group of factors linked to the credit activity of banks, which consists in increasing primary issue in lending importers and secondary, which occurs during the formation of foreign exchange reserves by the Bank of Russia. Result of credit activity of banks is to increase money supply growth and the discrepancy between the higher growth of money in circulation and lower growth rates actually created in the production of value added, which leads to the weakening purchasing power of money and rising prices. Each reason has a direct impact on money supply growth and inflation initiates.
format	article
author	A. I. Bolonin
author_facet	A. I. Bolonin
author_sort	A. I. Bolonin
title	On inflation in the Russian economy
title_short	On inflation in the Russian economy
title_full	On inflation in the Russian economy
title_fullStr	On inflation in the Russian economy
title_full_unstemmed	On inflation in the Russian economy
title_sort	on inflation in the russian economy
publisher	MGIMO University Press
publishDate	2014
url	https://doaj.org/article/255a48521faf4cd595795c071aec980e
work_keys_str_mv	AT aibolonin oninflationintherussianeconomy
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On inflation in the Russian economy

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