Izvestiya of Saratov University.

Economics. Management. Law

ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)

For citation:

Pugachev I. O. The Impact of Currency Policy of the Central Bank of Russia on the Dynamics of Economic Conjuncture. Journal Izvestiya of Saratov University. Economics. Management. Law, 2015, vol. 15, iss. 4, pp. 367-376. DOI: 10.18500/1994-2540-2015-15-4-367-376

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Language: 
Russian
Heading: 
Economic
Article type: 
Article
UDC: 
338.1. : 338.246.2 : 336.143
DOI: 
10.18500/1994-2540-2015-15-4-367-376

The Impact of Currency Policy of the Central Bank of Russia on the Dynamics of Economic Conjuncture

Autors: 
Pugachev Ilya Olegovich, Saratov State University
Abstract: 

Introduction. Monetary and exchange rate policy of the Central Bank of Russia has a decisive influence on the dynamics of the macroeconomic situation. Theoretical analysis. State, the device performs the impact on the economy taking into account their own specific interests, whose main aim is the growth of the resources of the state budget. Monetary policy the Central Bank provides the first replenishment of the resources of the state budget. The modern condition of a conjuncture of the economy of Russia is due to the impact of the crisis 2008 and the results of the state socio-economic policy. Analysis of anti-crisis measures of the government of the Russian Federation showed a shift in priorities assist in the direction of the business, ignoring the interests of the population. The devaluation of the ruble 2009 and 2014 were conducted in the interest of growth of the mining industry and increase revenues to the budget. The results of this policy was the decline in economic growth and its fall. Results. Needed a change of direction of currency and monetary policy of the Central Bank of the Russian Federation in the direction of stimulating long-term economic growth of our country.

Key words: 
monetary and currency policy of the Central Bank
exchange rate
state budget
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Received: 
23.08.2015
Accepted: 
23.09.2015