Potential of Russian finance

Abstract

Subject. The article discusses the potential of Russia's finances. Objectives. The focus is on determining the characteristics of the potential of Russian finance at the present stage. Methods. The research is based on general scientific methods, primarily on data analysis and synthesis, and special economic and mathematical methods, like correlation and regression analysis. The study also applies a graphical method of presenting the obtained scientific results. Results. The study revealed what characterizes the potential of Russian finance. It unveiled an active growth in the volume of debt securities in conditions of high volatility in the volume of quoted shares of Russian issuers traded on the domestic market, established that a decrease in the growth rate of the trade balance, a stable growth in cash in circulation, an increase in the price of gold and debt securities pose high risks of devaluation of the ruble. Conclusions. The identified potential of Russian finance will help monetary authorities reduce the risks of ruble devaluation and ensure the stability of the financial system by adjusting the size of the difference between deposits and loans from credit institutions with increasing floating (variable) rate debt, as well as the growth of cash in circulation and the volume of debt securities.