Systemic Crisis of the World Economy or the End of the "Bourgeois Mode of Production"

Sutyagin, Vladislav; Radyakova, Ya. Yu.; Kolesnichenko, Elena; Беспалов, М. В.; Pakhomov, Nikolay N.

doi:10.35808/ersj/797

Cited by 2 publications

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“…The importance of monetary stimulation of economic growth has been discussed many times, including by us (Sutyagin et al 2017a(Sutyagin et al , 2017b. The link between monetization and economic growth is direct, and it is well illustrated by examples of the world's leading economies (according to the IMF, GDP at purchasing power parity) (see Table 4).…”

Section: Discussion Of Resultsmentioning

confidence: 99%

Monetization of the Economies as a Priority of the New Monetary Policy in the Face of Economic Sanctions

Zenchenko

Strielkowski

Smutka

et al. 2022

JRFM

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The purpose of this paper is to conduct a comparative analysis of monetization as a priority of the new monetary growth of the economies using the example of the Russian economy, identifying new trends in global practices of monetary factor management, as well as the search for ways to stimulate economic growth using the best international experience. Our paper tackles the novel research question of whether changing the priorities of monetary policy from targeting (and curbing) inflation to stimulating economic growth might yield more favorable economic results and what best world practices should be appropriately introduced in Russia to improve the effectiveness of monetary policy. The key results of the paper are focused on a comparative analysis of the economies’ development under the influence of monetary factors in comparison with the most progressive economies, the study of the best practices for increasing the monetization of national economies, and the identification of recommendations for determining the most optimal way to increase economic growth through the monetization of the economy. Monetarist views on the decisive role of fiat money in the development of the real sector of the economy, capital markets, payment and settlement systems, the standard of living of the population, and other important aspects of macro- and microeconomics have become the mainstream of government regulation. It seemed that by finding the right indicators of the relationship between interest rates, GDP, and inflation, all problems of economic growth could be solved. By increasing the amount of money faster than the achieved economic growth, it was believed that it was possible to stimulate GDP growth through monetary investments and credit, i.e., more money was issued than the value produced represented by the goods and services. Accordingly, new money that had no value had to create new value. We argue that monetization can be seen as the main factor in providing such incentives. Our results can be useful for central bankers, policymakers, and stakeholders in the banking and financial sector. The conclusions and recommendations of the authors are based on studies conducted using such research methods as content analysis, logical analysis, and statistical analysis.

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Section: Discussion Of Resultsmentioning

confidence: 99%

Monetization of the Economies as a Priority of the New Monetary Policy in the Face of Economic Sanctions

Zenchenko

Strielkowski

Smutka

et al. 2022

JRFM

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show abstract

“…В конечном счете, текущий уровень монетизации российской экономики почти в 2 раза ниже показателей развитых стран (рис. 4), хотя справедливости ради скажем, что в последнее десятилетие показатель медленно растет [15,16].…”

Section: финансовый менеджментunclassified

Financial factor for ensuring economic security of Russia

Sutyagin

Radyukova

Беспалов

et al. 2019

RJIE

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Финансовый менеджмент Введение В последние годы все чаще поднимаются вопросы об экономической безопасности России. Это, с одной стороны, является само собой разумеющимся в условиях санкционного давления и риторики со стороны стран Запада. С другой стороны, зависимость экономики России от иностранных инвестиций, капитала, технологий и международная кооперация ставит вопрос, в какой мере мы можем осуществлять независимую и суверенную политику. В этой связи в российском правовом поле понятие «экономическая безопасность» впервые появляется в указе Президента Российской Федерации от 31 декабря 2015 г. № 683 «О Стратегии национальной безопасности Российской Федерации» (далее для удобства Стратегия национальной безопасности). Однако четкого определения здесь не содержится. О взглядах на экономическую безопасность Согласно вышесказанному, понятие экономическая безопасность в правовом поле введено лишь в 2015 г. При этом экономическая безопасность рассматривается как элемент национальной безопасности. Так, в Стратегии национальной безопасности указывается: «национальная безопасность включает в себя оборону страны и все виды безопасности, предусмотренные Конституцией Российской УДК 336.1

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Systemic Crisis of the World Economy or the End of the "Bourgeois Mode of Production"

Cited by 2 publications

References 0 publications

Monetization of the Economies as a Priority of the New Monetary Policy in the Face of Economic Sanctions

Monetization of the Economies as a Priority of the New Monetary Policy in the Face of Economic Sanctions

Financial factor for ensuring economic security of Russia

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