金融部门未来的公共监管(以俄罗斯经济为例)

IF 0.2 Q4 PUBLIC ADMINISTRATION

Voprosy Gosudarstvennogo i Munitsipalnogo Upravleniya-Public Administration Issues Pub Date : 2022-01-01 DOI:10.17323/1999-5431-2022-0-3-87-113

M. Afanasyev, Thi Tan Chuong Pham, N. Shash

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引用次数: 0

摘要

本文探讨了在经济制裁下俄罗斯联邦金融部门国家监管的有希望的选择的发展和实施。委员会指出，由于存在体制问题，导致制裁前时期金融市场关键部门的发展放缓，因此在制裁期间无法利用金融部门的潜力来稳定国民经济的增长率。研究表明，解决这一问题需要通过政府工具，包括一套诊断模型、监管工具和战略工具，刺激金融市场关键环节(信贷市场、股权市场、债务市场和保险市场)的发展。在选择相关性最强的指标和比率的基础上，开发了一套诊断模型，并在金融市场部门中对其进行了测试，从而可以建立表征其发展水平的目标战略价值。提出了理论和方法论证，并对主要金融细分市场发展水平的诊断模型进行了检验。作者提出了在经济制裁下选择和实施国家监管俄罗斯联邦金融部门的工具的建议。报告显示了国家监管金融部门以实现基于制裁前时期数据的金融深度指标目标值的有希望的备选方案，并提出了在当前制裁限制下仍然适用的实施措施。利用拟议的监管工具，可以对俄罗斯联邦金融市场关键部门到2028年的发展进行预测，同时考虑到制裁压力造成的俄罗斯经济变化，这在补偿严重的宏观经济冲击时至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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FINANCIAL SECTOR PROSPECTIVE PUBLIC REGULATION (THE CASE OF RUSSIAN ECONOMY)

The article explores the development and implementation of promising options for state regulation of the financial sector in the Russian Federation under economic sanctions. It is noted that the presence of systemic problems that caused the slowdown in the development of key segments of the financial market in the pre-sanctions period did not allow the potential of the financial sector to be used in order to stabilize the growth rates of the national economy during the sanctions period. It is shown that the solution of this problem requires stimulating the development of key segments of the financial market (credit market, equity market, debt market and insurance market) through government tools, including a set of diagnostic models, regulatory and strategic tools. Based on the selection of indicators and rates with the strongest correlation, a set of diagnostic models was developed, the testing of which in financial market segments made it possible to establish target strategic values characterizing the level of their development. Theoretical and methodological justification is proposed and testing of diagnostic models of the development level of key financial market segments is carried out. The authors suggested proposals for selecting and implementing the tools for state regulation of the financial sector of the Russian Federation under economic sanctions. Promising options for state regulation of the financial sector to achieve the target values of financial depth indicators based on data from the pre-sanction period are shown and measures for their implementation are proposed that remain relevant in the current sanctions restrictions. The use of the proposed regulatory tools can make it possible to build forecasts for the development of key segments of the financial market of the Russian Federation for the period up to 2028, taking into account the changes in the Russian economy caused by sanctions pressure, which becomes critically important when compensating for serious macroeconomic shocks.

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来源期刊

Voprosy Gosudarstvennogo i Munitsipalnogo Upravleniya-Public Administration Issues PUBLIC ADMINISTRATION-

CiteScore

1.10

自引率

33.30%

发文量

期刊介绍： PUBLIC ADMINISTRATION ISSUES is a scientific peer-reviewed journal published by the National Research University High School of Economics (NRU HSE).The journal is published quarterly in Russian, and contains original articles by Russian and foreign authors. In addition, a special English language issue containing original articles by Russian and foreign authors has been published since 2014. The editorial board consists of leading Russian and foreign scientists in the field of public administration as well as prominent practitioners. The journal is indexed in the international databases: Scopus, RePEc, EBSCOand the Russian Science Citation Index (RSCI) on the platform of Web of Science. In addition, the journal is on the list of key peer-reviewed scientific journals and publications that the Higher Certification (Attestation) Commission in the RF Education Ministry recommends for publishing the main scientific results of theses for PhD and doctoral degrees in Economics, Sociology and Law. The journal focuses on the following subject areas: − Current theories of public administration. − Theoretical fundamentals of economic and social policy − Factors and Assessment of efficiency in public and municipal administration. − Innovations in the system of public and municipal administration. − Planning and forecasting in the system of public and municipal administration. − Staff of the state and municipal service. Management of personnel in public and municipal bodies and in organizations of the public sectors. − Financial, logistical and information resources of the state and municipalities. − Public service. − Functional features of public sector organizations. − Partnership of the state and municipalities with nongovernmental nonprofit organizations. Economic and administrative challenges facing “third sector.” - Development of education programs on public administration.