Financial Crisis 2014-2015
Sergey Dubinin
Journal of the New Economic Association, 2015, vol. 26, issue 2, 219-225
Abstract:
The article provides the analysis of internal and external economic factors of the priorities' choice of the Russian authorities and Russian Central Bank (CBR) anti-crisis measures. It considers the financial crisis period of 2014-2015. The comparative study of the typical descriptions of each Russian crisis, as well as their common nature are under special analysis. Financial and economic crises became the regular phenomenon of Russian economy during last two decades. The development of the system of anti-crisis measures in Russia is typical for present global economy. It includes the nonconventional monetary policy instruments of the central banks. Simultaneously the author researches the role of so-called "Manual Control" practice as a national synonym for "dirigisme policy". The target of that approach is to resolve the national financial system problems. It aims for the financial challenges in general and the banking system in particular. The methods of investment process stimulation in Russian economy are under consideration.
Keywords: financial policy; economic policy; monetary policy; federal budget; banking sector; financial crisis; internal and external factor of crisis; public-private partnership; investments (search for similar items in EconPapers)
JEL-codes: E52 E58 F34 G18 H61 H63 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2015:i:26:p:219-225
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