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Cognitive modeling of factors of financial market stability of Russia
Author(s) -
N.L. Badvan,
Oscar Gasanov,
Alexander N. Kuzminov
Publication year - 2020
Publication title -
digest finance
Language(s) - English
Resource type - Journals
eISSN - 2311-9438
pISSN - 2073-8005
DOI - 10.24891/df.25.3.287
Subject(s) - financial market , financial market participants , market liquidity , market depth , indirect finance , financial system , market microstructure , business , inter dealer broker , economics , finance , financial analysis , financial market efficiency , order (exchange) , stock market , paleontology , horse , biology
Subject. The paper highlights the financial market stability. It is one of the most important components of economic growth ensuring.Objectives. The article is to draw up a cognitive map of the Russian financial market. It also aims at modeling changes in its segments and finding the main stability factors of the national financial market.Methods. The research involves methods of cognitive analysis and cognitive modeling.Results. Cumulative effect of all segments of the financial market forms its stability. The Russian financial market is most sensitive to changes in the monetary and currency markets, corporate and government borrowing market. There is a significant relationship between the market liquidity and its stability. It is necessary to form free resources storage in ruble assets. The dependence of the domestic market on international financial markets remains despite sanctions restrictions.Conclusions and Relevance. Achieving financial stability requires constant attention to liquidity in the market and predictability of the national currency. The priority direction of the state financial policy is establishment of relations between the leading players in the world financial markets and international financial institutions. Experts can apply the results of this work in the financial and monetary policy formation.

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