The analysis of trade relations of Russia with Germany and France

Smirnov, V.V.; Семенов, В.Н.; Kadyshev, Evgeny; Suchkova, Alena; Zakharova, A.N.

doi:10.2991/ispcbc-19.2019.75

Cited by 2 publications

(2 citation statements)

References 20 publications

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“…Russia possesses the raw material profile [4,5] and fits into the requirements for monetization coefficient of 55-60 % for the conditions of stable economic growth. At the same time, under the conditions of a slowdown in global economy, Russia lags significantly behind the developed countries in terms of monetization coefficient, which exceeded these values by 2-4 times.…”

Section: Proceedings Of the Russian Conference On Digital Economy Andmentioning

confidence: 99%

Possibilities of Russian Economy Monetization

Смирнов¹,

Kadysheva²,

Semenov³

et al. 2020

Proceedings of the Russian Conference on Digital Economy and Knowledge Management (RuDEcK 2020)

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The research is devoted to the issues of the monetization of economy. The topic of the study is the possibility of monetization of the Russian economy. The purpose of the research is to identify the possibilities of changing the monetization coefficient of economy, by analyzing the impact of changes on economy in the dynamics of GDP growth rates in US dollars and rubles, the GDP deflator, monetary aggregate M2 and the ruble exchange rate. Statistical, comparative and logical methods of analysis are used in the study. The article identifies the reasons for the forecasted decline in economic growth in emerging and developing countries, as well as global economy. The historical role of money is shown as well as its impact on economy and society from coining of money in Athens to the transition to a peer-to-peer payment system using "Bitcoin" and "Altcoin". The study reveals the stabilization of the dynamics of GDP growth in US dollars and in rubles, the GDP deflator and the M2 monetary aggregate in the range from 4 to 12 %. It is found that the changes in the monetization of the Russian economy are associated with the volatility of the ruble exchange rate, which is adjusted by the "budget rule". The growth rate of the ruble exchange rate is less than the growth rate of the purchase of foreign currency, etc. It is advisable to use the results of the study in the formation of an agreed equilibrium triad of monetary, budgetary and entrepreneurial relations to ensure sustainable economic growth in Russia. The analysis of the possibilities and consequences of changing the monetization coefficient of Russian economy revealed the decisive role of the "budget rule", which helps to reduce the volatility and inflation of ruble exchange rate and replenish international reserves. The stabilization of the ruble exchange rate, in the conditions of continued growth in foreign currency purchase volumes, led to the need to actively increase the issue of federal loan bonds with bond yield not lower than the key rate and to increase the reserve requirements for the banking sector, which negatively affected the growth rate of the volume of loans granted to legal entities.

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Section: Proceedings Of the Russian Conference On Digital Economy Andmentioning

confidence: 99%

Possibilities of Russian Economy Monetization

Смирнов¹,

Kadysheva²,

Semenov³

et al. 2020

Proceedings of the Russian Conference on Digital Economy and Knowledge Management (RuDEcK 2020)

View full text Add to dashboard Cite

show abstract

“…The most difficult negotiations on Russia's accession to the WTO were conducted with the United States, the European Union and China on behalf of the projects "List of specific obligations for access to the services market" and "List of most-favored-nation exemptions" (1999). To resolve the disagreements Russia began to actively develop trade relations with the countries of the world in the format of international cooperation organizations SCO, the Eurasian economic community, BRICS (Brazil, Russia, India, China, South Africa) [1,2].…”

Section: Introductionmentioning

confidence: 99%

Analysis of Russian Trade Relations with Shanghai Cooperation Organization

2019

2019 2nd International Conference on Contemporary Education and Economic Development (CEED 2019)

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The subject of the study are the trade relations of Russia with the countries of the Shanghai Cooperation Organization (SCO) for goods and product groups of the Foreign Economic Activity Commodity Nomenclature (FEACN)of the Federal Customs Service of the Russian Federation. The aim of the paper is to identify clusters of countries, goods and commodity groups for imports to Russia and Russian exports. The article reveals the causes of SCO formation and recognizes its role in development of international trade cooperation. The study revealed match of clusters of SCO countries in terms of imports to Russia and Russian exports-India, China, Kazakhstan and Kyrgyzstan. Among the goods and commodity groups of imports to Russia there prevail: nuclear reactors, boilers, equipment and mechanical devices; organic chemical compounds; ores, slag and ash. Wide FEACN of Russian exports was revealed-mineral fuel, oil and products of their distillation; bituminous substances; mineral waxes; wood and products thereof; ferrous metals and others. Unlike imports the hierarchy of Russian exports in terms of goods and commodity groups is not stable.

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The analysis of trade relations of Russia with Germany and France

Cited by 2 publications

References 20 publications

Possibilities of Russian Economy Monetization

Possibilities of Russian Economy Monetization

Analysis of Russian Trade Relations with Shanghai Cooperation Organization

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