Трансформация роли и функций центральных банков в посткризисный период.
Abstract
В статье исследованы особенности функционирования центральных банков во время кризиса 2008–2009 гг. и в посткризисный период. На основе изучения мирового опыта выявлены и охарактеризованы основные тенденции в деятельности центральных банков в посткризисных условиях, определены главные направления развития монетарной политики, а также макро– и микропруденциальной политики центральных банков с целью обеспечения развития экономики и стабильности функционирования финансовых систем. Обоснованы предложения по взаимодействию центрального банка и правительства с целью разработки и реализации макропруденциальной политики. Ключевые слова: центральный банк, монетарная политика, макропруденциальная политика, регулирование, надзор, системный риск. = The article explores features of central banks’ functioning during the crisis of 2008–2009 and in the post–crisis period. It defines the major trends in central banks’ activities in the post–crisis environment, monetary policy developments, as well as macro and microprudential policies of the central banks aimed at economic development and stability of financial systems. The authors have also developed the pro-posals regarding interaction between the central bank and the government for the purpose of macropru-dential policy development and implementation. Key words: central bank, monetary policy, macroprudential policy, regulation, supervision, systemic risk.References
Горюнов, Е. Банк России на перепутье: нужно ли смягчать денежно–кредитную политику? / Е. Горюнов, П. Трунин // Вопросы экономики. – 2013. – №6. – С.29–44.
Мищенко, С.В. Механизмы координации денежно–кредитной и налогово–бюджетной политики / С.В. Мищенко // Известия Санкт–Петербургского государственного университета экономики и финансов. – 2012. – №2(74) – С.16–26.
Моисеев, Р.С. Макропруденциальная политика / Р.С. Моисеев // Деньги и кредит. – 2013. – №7. – С.46–49.
Мищенко, В.И. Роль макропруденциальной политики в обеспечении устойчивого развития банковской системы Украины / В.И. Мищенко, С.В. Науменкова // Финансовые проблемы и пути их решения: теория и практика. – СПб.: Изд–во Политехн. Ун–та, 2013. – С.369–378.
Моисеев, Р.С. Обзор финансовой стабильности / Р.С. Моисеев // Деньги и кредит. – 2013. – №9. – С.69.
Basel III: A global regulatory framework for more resilient banks and banking systems. December 2010 (rev June 2011): Basel Committee on Banking Supervision, 2010. – 68 р. [Электронный ресурс]. – URL:
http://www.bis.org/publ/bcbs189.pdf (дата обращения 03.01.2014).
Guidance for national authorities operating the countercyclical capital buffer. December 2010: Basel Committee on Banking Supervision, 2010. – 26 р. [Электронный ресурс]. – URL: http://www.bis.org/publ/bcbs187.pdf (дата обращения 03.01.2014).
Basel III definition of capital – Frequently asked questions. July 2011: Basel Committee on Banking Supervision, 2011. – 26 р. [Электронный ресурс]. – URL: http://www.bis.org/publ/bcbs198.pdf (дата обращения
01.2014).
Basel III definition of capital – Frequently asked questions. December 2011 (update of FAQs published in October 2011): Basel Committee on Banking Supervision, 2011. – 22 р. [Электронный ресурс]. – URL:
http://www.bis.org/publ/bcbs211.pdf (дата обращения 06.01.2014).
Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools. January 2013: Basel Committee on Banking Supervision, 2013. – 69 р. [Электронный ресурс]. – URL: http://www.bis.org/publ/bcbs238.pdf (дата обращения 06.01.2014).
Марков, К.В. Теневая (параллельная) банковская деятельность / К.В. Марков // Деньги и кредит. – 2013. – №9. – С.67–68.
Обзор деятельности Совета по финансовой стабильности. Центральный банк Российской Федерации. Март 2013. [Электронный ресурс]. – URL :
http://www.cbr.ru/analytics/fin_stab/ODSFS_01032013.pdf?pid=fin_stab&sid=ITM_54539 (дата обращения 03.01.2014).
The Dodd–Frank Wall Street Reform and Consumer Protection Act (HR 4173). [Электронный ресурс]. – URL : http://www.sec.gov/about/laws/wallstreetreform–cpa.pdf (дата обращения 03.01.2014).
Пантина, И.В. Систематический и специфический риски / И.В. Пантина // Деньги и кредит. – 2013. – №9. – С.62.
Downloads
How to Cite
Issue
Section
License
he author provides the Editorial Board of the journal for the entire duration of the exclusive rights to the Work the following rights:
1. the right to reproduce the Work (publication, publication, duplication, duplication or other reproduction of the Work) without restriction of copies. In addition, each copy of the Work must contain the name of the author of the Work;
2. the right to distribute the Work in any way;
3. the right to be included in the composite work;
4. the right to be communicated to the public;
5. the use of metadata (title, name of the author (copyright holder), annotations, bibliographic materials, etc.) of the Works by distributing and making available to the public, processing and systematization, as well as inclusion in various databases and information systems.
6. the right to transfer, on a contractual basis, the rights partially or fully obtained under this contract to third parties without payment to the Author of remuneration.
The author transfers the rights to the Editorial Board under this Agreement on the basis of a non-exclusive license.
The editorial staff is obliged to observe the copyrights provided for by the current legislation, the rights of the Author, as well as to protect them and take all possible measures to prevent copyright infringement by third parties.
The territory in which the use of rights to the Works is allowed is not limited.
The author also provides the Editorial Board with the right to store and process the following personal data with no time limit:
• Full Name;
• Date of Birth;
• education information;
• information about the place of work and position;
• information on the availability of published works of literature, science and art.
Personal data are provided for their storage and processing in various databases and information systems, their inclusion in analytical and statistical reporting, the creation of reasonable interrelationships of objects of science, literature and art with personal data, etc.
The editorial board has the right to transfer the specified data for processing and storage to third parties, subject to notification of such a fact with the provision of information about a third party (name and address) to the Author.
The withdrawal of consent to the storage and processing of personal data is made by the Author by sending a written notice to the Editorial Board.
The author and the Editorial Board of the journal bear, according to the current legislation of the Republic of Belarus, property and other legal responsibility for non-fulfillment or improper fulfillment of their obligations.
The Party that improperly performed or did not fulfill its obligations is obliged to indemnify the losses incurred by the other Party, including lost profits.
All disputes and disagreements of the Parties arising from the terms of this Agreement shall be settled by negotiation, and if they fail, the indicated disputes shall be settled in court in accordance with the current legislation of the Republic of Belarus.
The termination of this agreement is possible at any time by mutual consent of the Parties, with the obligatory signing of the relevant agreement by the Parties.
Termination of this agreement unilaterally is possible in cases stipulated by the current legislation, or by a court decision.
In all that is not provided by this agreement, the Parties are guided by the norms of the current legislation of the Republic of Belarus.