Credit Market Development and Prictice Stability of National Economy
https://doi.org/10.33293/1609-1442-2019-2(85)-65-75
Abstract
In recent years, the growth rate of the national economy does not meet the challenges of social and economic development of the country. An economic breakthrough is needed, accompanied by the achievement of economic growth rates that are faster than those of the world. However, it is important to maintain macroeconomic and price stability. One of the factors that can ensure the achievement of this goal is credit, the value of which, in our opinion, is currently unfairly underestimated. The publications of Russian and foreign economists confirm that credit is a factor contributing to economic growth. At the same time, the loan may be associated with the formation of inflation risks. The purpose of the article is to determine the ratio in which the development of the credit market, characterized, in particular, by an increase in lending to households and non-financial organizations, will not lead to a violation of the price stability of the national economy. The application of the system of econometric models allowed to reveal the ratio between the growth rate of loans to non-financial organizations and the growth rate of real GDP.
About the Authors
Viktor A. Byvshev
Financial University under the Government of the Russian Federation
Russian Federation
Moscow
Russian Federation
Moscow
Natalya E. Brovkina
Financial University under the Government of the Russian Federation
Russian Federation
Moscow
Russian Federation
Moscow
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Review
For citations:
Byvshev V.A., Brovkina N.E. Credit Market Development and Prictice Stability of National Economy. Economics of Contemporary Russia. 2019;(2):65-75. (In Russ.) https://doi.org/10.33293/1609-1442-2019-2(85)-65-75
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