Modeling the coherence of the financial system and economy of Russia

The article assesses the coherence of the financial system and economy of Russia, and also reveals the uncertainties in interrelation between the flow of finance and economic activity. The work reveals the possibilities of ensuring preservation of the form and content of economic system in the proce...

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Veröffentlicht in:SHS web of conferences 2021, Vol.101, p.2007
Hauptverfasser: Smirnov, Valery V., Semenov, Vladislav L., Zakharova, Anna N., Zimin, Sergey B., Mulendeeva, Alena V.
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Sprache:eng
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Zusammenfassung:The article assesses the coherence of the financial system and economy of Russia, and also reveals the uncertainties in interrelation between the flow of finance and economic activity. The work reveals the possibilities of ensuring preservation of the form and content of economic system in the process of creating and using monetary funds. An analysis of the actual change of pace in the growth rate of finances and economic activity was carried out to eliminate the uncertainty of interrelation between the flow of finance and economic activity. In the result of the analysis, it was revealed that financial and economic measures are resorted to in order to eliminate uncertainty, and thereby, to ensure the preservation of coherence of the financial system of the modern Russian economy. Financial measures include an increase in gold reserves and monetary base; economic measures include an increase in the production of crude oil and natural gas and petroleum (associated) gas, extraction and dressing of iron ores. As a result of modeling the dynamics of the financial and economic systems with application of the modified Cobb-Douglas formula it is revealed that the financial system actively follows the dynamics of the economic system and there is sufficient compensating reaction of the former.Coherence of the Russian financial system and economy determines the capability and ability to maintain the form and content of the Russian economy with the help of finance. Elimination of the uncertainty of interrelation between the flow of finance and economic activity is confirmed by active following of the Russian financial system in path of the economic system dynamics and compensating reaction of the financial system.
ISSN:2261-2424
2416-5182
2261-2424
DOI:10.1051/shsconf/202110102007