THE ROLE OF THE INVESTMENT ACTIVITY OF CENTRAL BANKS IN THE NATIONAL ECONOMY
Journal: BULLETIN OF KEMEROVO STATE UNIVERSITY. SERIES: POLITICAL, SOCIOLOGICAL AND ECONOMIC SCIENCES
Volume 2 № 1
, 2017
Rubrics: ECONOMICS SCIENCES
Authors:
1.
Kemerovo State University
(Department of Finance and Credit, Head of Department)
employee
Kemerovo, Kemerovo, Russian Federation
employee
Kemerovo, Kemerovo, Russian Federation
2.
Kemerovo State University
3.
Kemerovo State University
Type:
Article
Pages:
from 63
to 70
Status:
Published
Received:
25.07.2017
Accepted:
25.07.2017
Published:
25.07.2017
Language:
Russian
Keywords:
Central bank, investment activity, investment process, operations of central bank, refinancing.
Abstract (English):
Subject. The article is devoted to the implementation of investment activities of central banks. Goal and objectives. The article reveals the content and gives a comparative analysis of the investment activity of central banks in the different countries of the world. It defines the role of the central bank and its status in the country's financial and economic policy. Methodology. The methodological basis of the research is the general scientific method of cognition, as well as comparative, systemic and logical-structural analysis. Results. The analysis allowed the authors to structure the investment activity of central banks and to explain its individual components. The article gives a detailed analysis of motives for conducting currency intervention, instruments of investing in the foreign exchange market, as well as the role of the central bank as a lender of last resort and the crisis state of the economy as an impetus to the development of refinancing of credit institutions. It reviews various methods of refinancing and the effectiveness of their application in various economic conditions. Conclusions and significance. The research has allowed the authors to identify new tendencies, features and some contradictions of investment activity of central banks in the national economy.
Subject. The article is devoted to the implementation of investment activities of central banks. Goal and objectives. The article reveals the content and gives a comparative analysis of the investment activity of central banks in the different countries of the world. It defines the role of the central bank and its status in the country's financial and economic policy. Methodology. The methodological basis of the research is the general scientific method of cognition, as well as comparative, systemic and logical-structural analysis. Results. The analysis allowed the authors to structure the investment activity of central banks and to explain its individual components. The article gives a detailed analysis of motives for conducting currency intervention, instruments of investing in the foreign exchange market, as well as the role of the central bank as a lender of last resort and the crisis state of the economy as an impetus to the development of refinancing of credit institutions. It reviews various methods of refinancing and the effectiveness of their application in various economic conditions. Conclusions and significance. The research has allowed the authors to identify new tendencies, features and some contradictions of investment activity of central banks in the national economy.
Keywords:
Central bank, investment activity, investment process, operations of central bank, refinancing.
Central bank, investment activity, investment process, operations of central bank, refinancing.
