Sources of Russia's economic advance

Abstract

Subject. This article analyzes the securities market, banking system and the peculiarities of money circulation in Russia. Objectives. The article aims to determine the areas of financial policy that are most important for ensuring economic growth in Russia. Methods. For the study, I used a correlation analysis. Results. The article finds that cash in circulation forms the basis of the financial system of Russia. It reveals the need to increase the rate of sterilization of the money supply due to a significant increase in domestic borrowing and/or a decrease in wages of the population. Government bonds and non-financial organizations account for the largest share in the debt structure on debt securities. Conclusions. The results of the study can be used to identify the principal risks for the financial system of Russia.