Keyword: «monetization coefficient»

The problem of determining the amount of money supply required in circulation became the most urgent after the collapse of the Bretton Woods monetary system. This is because the exchange rate has become directly dependent on the produced GDP. If earlier the circulation of money was ensured by gold, now the Central Bank started to regulate money supply began. Thus, the regulation of the money supply has become a function of public policy. The purpose of this work is to study the influence of the GDP monetization level on macroeconomic indicators. The study revealed that the economy of developed countries is characterized by high monetization rates. Saturation of the economy with monetary funds at high growth rates of the gross domestic product does not cause significant inflationary processes, but significantly stimulates even greater economic growth.

This article discusses the development of the monetary system in the Russian Federation in 2014–2019 and its structure.

Sanctions designed to break Russia’s foreign trade relations and cut off Western financial flows were supposed to cause “financial starvation” of economic entities, but these plans were violated by the actions of our government. However, other objective factors played an important role in this, such as: firstly, the deep integration of the state into the economy, secondly, the high share of the shadow economy, and the third factor – the real sector of the economy in recent years has existed under the conditions of a “financial hunger." These factors contributed to the Russian economy's resistance to adverse impacts, and enabled it to develop in new conditions.