Financial factor for ensuring economic security of Russia

V. Yu. Sutyagin (), Y. Yu. Radyukova (), M. V. Bespalov () and N. V. Sergeeva ()

Russian Journal of Industrial Economics, 2019, vol. 12, issue 3

Abstract: . Objectives of writing. The purpose of writing this article is to study the concept of economic security, as well as the allocation of its structural components. In the course of such an analysis, it was revealed that one of the main factors for ensuring economic security is economic aspects (called financial security).Methodological foundations and methodological approaches. In terms of methodology, the study is based on an analysis of Russian legislation and the works of Russian economists on economic security issues. The practical aspects of the research in their informational basis are based on data from Rosstat and the Bank of Russia.The results of the study. According to the results of the study, the following results and conclusions were obtained:Currently, the concept of economic security does not have a clear identification in either Russian legislation or the scientific community;the concept of economic security can be divided into several structural elements: financial (the most important element), investment, fiscal, industrial security;In matters of financial security, there is currently no clear vision of target priorities and benchmarks;The current monetary policy is contradictory in its essence and does not provide for the growth of the real sector of the economy.Theoretical and practical recommendations. Conducted research can serve as a basis for structuring problems of economic security. An important merit of the authors is the explanation of the contradictions of the current monetary policy. The authors showed that the policy of targeting (restraining) inflation does not create conditions for the growth of investment activity and economic growth.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2019:id:777

DOI: 10.17073/2072-1633-2019-3-323-333

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