INSTITUTIONAL CONFIDENCE AND ITS ROLE IN THE PROCESS OF MONETARY SERVICES
The authors consider the institutional confidence in money as one of the factors determining the formation of a new model of management in the monetary sphere, which allows generating long-term money in the economy, ensuring its stability in times of crisis, as well as contributing to the reproduction of the horizontal coordination of socio-economic relations. It is revealed that the institutional confidence in money is a complex three-tier structure and it has multiple forms. The highest quantitative assessment of the institutional confidence is associated with the analysis of individuals’ propensity for actions that underlies the development of numerous confidence indices, reflecting the preferences of entities in their daily activities.
Keywords: institutional confidence, institution of money, monetary sphere, fiduciary rating.
Konstantin Y. Surikov, Candidate of Economics, a branch manager of the department of the Volga-Vyatka Main Directorate of the Central Bank of the Russian Federation in the Samara region; Maria E. Konovalova, Doctor of Economics, Head of Economic Theory Department, Samara State University of Economics; Olga Y. Kuzmina, Candidate of Economics, Associate Professor, Samara State University of Economics.