Features of the Central Bank’s activities at the present stage of Russian Federation development

Authors

  • Ksenya Bartashevich Russian State University of Justice (St. Petersburg) Author

DOI:

https://doi.org/10.47451/tss2024-05-03

Keywords:

Central Bank of the Russian Federation, monetary policy, public law institute, legal status of the bank

Abstract

This article examines the legal situation and its elements, like the practical activities of the Central Bank of the Russian Federation. The role of the Bank of Russia is enormous: the stability and growth of our country’s economic potential depend on its work. It ensures financial stability in Russia, develops the economic policy of the supreme federal executive authority, maintains the national currency, and implements monetary policy and stability. It also performs monetary issuance. Its primary function is to protect and ensure the ruble’s stability, etc. The place of the Central Bank is enormous and is determined by its legal status in the banking system of the Russian Federation. The legal status of the Central Bank is unique; therefore, it is necessary to consider the elements of the legal position of the Central Bank, which have their uniqueness. The study object was social relations arising from the legal status and practical implementation of the functions and powers of the Central Bank. The study subject was the norms of Russian legislation regulating the legal status and practical work of the Central Bank. The study aimed to research the legal situation, its elements and the practical activities of a unique public law institution. The study used analysis, induction, abstraction, generalisation, etc. Private scientific methods – the normative legal analysis method, the formal legal method, etc. – are used in the work process. To achieve the purpose and tasks of the study, various sources were used, namely various regulatory legal acts that disclose the legal status of the Central Bank, scientific articles, textbooks, and Internet resources, including the works of A.M. Borisova, S.N. Keramova, E.Y. Gracheva, N.I. Khimichev, and E.V. Pokachalov. The author concludes that the Central Bank has a significant impact on the economic situation in the Russian Federation. The author defined the Central Bank’s legal status as a unique public law institution, as it calls itself this way on its official website.

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Author Biography

  • Ksenya Bartashevich, Russian State University of Justice (St. Petersburg)

    Bachelor Student, Faculty of Training Specialists for the Judicial System

References

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Published

2024-07-30

How to Cite

Features of the Central Bank’s activities at the present stage of Russian Federation development. (2024). Tuculart Student Scientific, 4, 37-47. https://doi.org/10.47451/tss2024-05-03

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