What possibilities exist to back up the mechanisms which support economy in Russia

Mikhail V. Ershov

10 citations0/0 files storedScientific Works of the Free Economic Society of Russia

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Monetary Policy and Economic Impact Economic and Fiscal Studies Fiscal Policies and Political Economy

Abstract

The growth of state spending should rely on appropriate mechanisms of financing. In the crisis environment the large scale emission of state bonds in domestic market may cause worsening of finance conditions for private sector. The article outlines the reasons why domestic central bank should play more active role, purchasing state bonds as is the case in other countries.

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