FINANCIAL ASSETS AND THE MONEY SUPPLY IN THE RUSSIAN ECONOMY

Abstract

Subject. This article examines the issues of financial assets and money supply in the Russian economy. Objectives. The article aims to identify and analyze the imbalance in the mechanism of formation of money supply and financial assets in the Russian economy. Methods. For the study, I used general scientific and specialized economic and mathematical methods. Results. The article points out a significant increase in the amount of debt securities of non-financial organizations, which is outpacing the growth of debt securities of banks and other financial organizations. Changes in the money supply indicate active money creation by the banking system through lending and the tendency of economic agents to save. A key trend is the structural restructuring and deepening of the financial market, expressed in a shift of the center of activity from the banking system to real economy companies, which are actively adopting new funding tools. Relevance. The research results could be relevant for a wide range of specialists in economics and finance, from researchers to authorities and businesses interested in understanding long-term structural changes in Russia's financial system. They can be used when discussing issues in the field of macro-finance, where the interaction between the financial and real sectors of the economy is studied, the structure and dynamics of financial markets are analyzed, as well as the processes of financing, saving, and money creation at an aggregated level.