METHODOLOGICAL APPROACHES TO THE ANALYSIS OF THE RUSSIAN FINANCIAL SYSTEM
One of the stages of creating a methodology for assessing the impact of the financial system on the economic dynamics of the real sector of the Russian economy is considered. The methodological principles are based on the tools used in the member countries of the Organization for Economic Cooperation and Development (OECD) to assess parameters of the financial market and the entire financial system. The authors attempt to prove that the introduction of additions to these instruments create the basis for a full-fledged methodology, through which it will be possible to assess the Russian financial conditions that have specific features. The scientific and theoretical content of the research is based on modern concepts that reveal the impact of the structure and state of the financial system on the pace of economic dynamics and are recognized in the international scientific community. In a theoretical way, modern and fundamental theories of economic growth are highlighted; the interpretation of the macroeconomic identity is clarified; the role of financial resources is noted (that the economic system potentially has in stimulating the economic growth). The interim result of the study is the proposal of two indicators, based on which it is assumed to conduct an extended analysis of the financial system and assess its impact on economic dynamics in the real sector of the national economy of Russia.
Keywords: structure of the financial system, socio-economic development, methodology of analysis of the financial system, national economy. Highlights:
♦ the theoretical concepts that allowed the authors to scientifically substantiate the methodological tools for analyzing the impact of the financial system on economic dynamics through the structure of financing of companies in the real and financial sectors are structured;
♦ the connection of fundamental and modern scientific concepts of economic growth with indicators of the state and structure of the financial system is substantiated;
♦ the article presents the methodological constructions of two author`s indicators for assessing the sufficiency of financing of the financial and real sectors of the Russian economy on the basis of the international methodology used by the OECD member countries.
Lebedev Alexey Vitalyevich, Candidate of Economic Sciences, President of the Foundation for the Development of Qualifications and Competencies in the Ural Region, Yekaterinburg.; Razumovskaya Elena Aleksandrovna, Doctor of Economics, Associate Professor, Professor of the Department of Finance, Monetary Circulation and Credit of the Ural State University of Economics, Yekaterinburg.