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Sanctions of the USA and the Policy of Bank of Russia:double Blow to the National Economy
https://doi.org/10.32609/0042-8736-2014-9-13-29
Abstract
This article examines fundamental questions of monetary policy in the context of challenges to the national security of Russia in connection with the imposition of economic sanctions by the US and the EU. It is proved that the policy of the Russian monetary authorities, particularly the Central Bank, artificially limiting the money supply in the domestic market and pandering to the export of capital, compounds the effects of economic sanctions and plunges the economy into depression. The article presents practical advice on the transition from external to domestic sources of long-term credit with the simultaneous adoption of measures to prevent capital flight.
About the Author
S. Glazyev
academician of the Russian Academy of Sciences, advisor to the President of the Russian Federation (Moscow, Russia)
Russian Federation
Russian Federation
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Review
For citations:
Glazyev S. Sanctions of the USA and the Policy of Bank of Russia:double Blow to the National Economy. Voprosy Ekonomiki. 2014;(9):13-29. (In Russ.) https://doi.org/10.32609/0042-8736-2014-9-13-29
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