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INTERNATIONAL RESERVES OF THE RUSSIAN FEDERATION AS POLITICAL AND ECONOMIC INSTRUMENT OF MACROREGULATION

Наименование публикации:INTERNATIONAL RESERVES OF THE RUSSIAN FEDERATION AS POLITICAL AND ECONOMIC INSTRUMENT OF MACROREGULATIONАвторы:Петрикова Е. М. 
Артамонова Ю.С., Осипов Д.В.
Тематическая область:Экономика и экономические науки
Вид публикации:Статья в журнале
Электронная публикация:НетЯзык издания:АнглийскийГод издания:2017Страна издания: Италия Наименование журнала или сборника:PONTE JournalНомер журнала (с указанием года):Vol. 73 | No. 4 | Apr 2017Наименование издательства:PONTE Journal International Journal of Sciences and ResearchКоличество страниц:14Количество печатных листов:1,2Индексация:РИНЦ,
Web of Science
Библиографическая ссылка:DOI: 10.21506/j.ponte.2017.4.18 Reference ID: PJ-61PJGАннотация (реферат):

This article presents the movement of international reserves and balance of payments before and after the latest global financial crisis of 2008 and before and after the financial sanctions of foreign countries against the Russian Federation. It discusses that foreign investments were reduced due to financial sanctions of 2014-2016, and as the result, the international reserves were decreased significantly. To start the economic growth and to develop Russian economy, the investment potential of Russian economy should be increased by force of the activities with the other countries. These activities are based on credit transactions of Russian companies into foreign fixed assets and stimulation of import of fixed assets from other countries. One of the main options is to support the decision to fund in foreign Asian markets and to secure the assets together with foreign companies and investors. The article focuses on how to manage the macroeconomic performance of the country‟s activities with the help of social and economic tools; these tools are in conflict with the political tools, which often have a greater impact on the results of the country's macroeconomic performance. Based on Russian macroeconomic statistics of 2007-2016, it analyzes the main results of country‟s transactions, and concludes that the political decision to limit the financial capital of the country adversely affected the results of foreign trade activities of Russia since the moment this decision was made. However, the article proves that these financial restrictions on the capital movements have a short-term impact on the economy, they are more of a political focus and these restrictions do not seriously affect the Russian economy in the long-term (these conclusions are based on an analysis of the Russian economy's performance in 2016). 



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