In the context of the sanctions regime, the development of the national economy of Russia should be viewed from the angle of national economic security. The modern sanctions regime has begun and is still based on financial restrictions and prohibitions, which affects the need for a specific monetary policy of the country. In this regard, an important aspect of achieving the goals of national economic security are financial factors. As a methodological approach, the paper uses a descriptive approach to assess the relationship between the impact of the different channels of the transmission mechanism (welfare channel, exchange rate pass-through) and economic variables such as consumer demand. The contribution to the consumer price index of each of the three components is estimated: index of food products, index of non-food products and index of paid services. The significance of the contribution of the index of food products is revealed, which is confirmed by the results of regression analysis of the dependence of consumer prices on the exchange rate. The paper proposes a combination of inflation targeting and industrial production targeting to achieve a more significant effect of monetary policy implementation in the conditions of the sanctions regime and for the purposes of national economic security. Also, taking into account the significant contribution of changes in the exchange rate to the consumer price index, it is proposed to pay more attention to the impact of the Bank of Russia on the exchange rate.
This paper analyzes methodologies of credit rating assessment of major rating agencies, with the focus on Fitch Ratings (Fitch). The methodology data were collected from Fitch Ratings. Also, the article review international literacy for factors and indicators adequacy in rating assessments. The purpose of this research is to overview literacy for the primary methodologies of banks' credit rating assessment. It was explained that ratios from financial indicators are most important for credit rating assessment. In some cases, in sovereign countries, support and macroeconomic factors are significant. We concluded that this area is still not enough researched and that in the future, the number of studies will appear with different methodological proposals and improvements.
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