The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 2/2023. Finance.

Sergey A. Andryushin

Dr. Sci. (Econ.), Professor, Chief Researcher, Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

Anton P. Sviridov

Researcher, Institute of Economics of the Russian Academy of Sciences, Moscow, Russia


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This article considered the Bank of Russia results within the target mandates for 2022. The risks of the policy of fiscal dominance, financial instability and price volatility are analised. It is substantiated that these risks hinder the transition of the Russian economy and its financial sector to new forms of business organization in the country. In conclusion, a package of anti-crisis measures to increase the independence of the monetary policy of the Bank of Russia is proposed.

Keywords: Bank of Russia, exchange rate, inflation, credit overheating, overdue debt, interest rates, bank bailouts, systemic risks, financial stability, financial intermediaries, price stability.

JEL: E42, Е58, G18, G21, H50, H60.





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Manuscript submission date: 01.04.2023

For citation:

Andryushin S.A., Sviridov A.P. Bank of Russia in 2022: performance results, expected risks and anti-crisis measures // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. № 2. Pp. 7-33. (In Russ.). EDN: POGFNK

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