The impact of the digital ruble on the resource base of Russian banks
The article considers the economic nature of the new form of Russian money, the issue of which, in addition to the already existing cash and non-cash money, was announced by the Bank of Russia in October 2020. The issues of the influence of the digital ruble on the activities of commercial banks hav...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-10-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/3036 |
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| _version_ | 1832541719521918976 |
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| author | A. V. Berdyshev |
| author_facet | A. V. Berdyshev |
| author_sort | A. V. Berdyshev |
| collection | DOAJ |
| description | The article considers the economic nature of the new form of Russian money, the issue of which, in addition to the already existing cash and non-cash money, was announced by the Bank of Russia in October 2020. The issues of the influence of the digital ruble on the activities of commercial banks have been investigated. Based on the analysis of the structure of the banking sector’s liabilities to legal entities and individuals, it has been determined that the launch of the digital ruble will provoke an outflow of about 15 % of funds from the current accounts of customers, which, given the use of stable balances on these accounts as a source of financing of income generating assets, will cause the need for banks to increase their interest rates on the credit market. |
| format | Article |
| id | doaj-art-e3262d54b2d641458912a8eb50f317ce |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-10-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-e3262d54b2d641458912a8eb50f317ce2025-02-04T08:28:09ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-10-011815515910.26425/1816-4277-2021-8-155-1592133The impact of the digital ruble on the resource base of Russian banksA. V. Berdyshev0Financial UniversityThe article considers the economic nature of the new form of Russian money, the issue of which, in addition to the already existing cash and non-cash money, was announced by the Bank of Russia in October 2020. The issues of the influence of the digital ruble on the activities of commercial banks have been investigated. Based on the analysis of the structure of the banking sector’s liabilities to legal entities and individuals, it has been determined that the launch of the digital ruble will provoke an outflow of about 15 % of funds from the current accounts of customers, which, given the use of stable balances on these accounts as a source of financing of income generating assets, will cause the need for banks to increase their interest rates on the credit market.https://vestnik.guu.ru/jour/article/view/3036сentral bankdigital currencydigital rublecommercial banksbank of russiabanking resourcescashnon-cash moneydigitalizationmonetary system |
| spellingShingle | A. V. Berdyshev The impact of the digital ruble on the resource base of Russian banks Вестник университета сentral bank digital currency digital ruble commercial banks bank of russia banking resources cash non-cash money digitalization monetary system |
| title | The impact of the digital ruble on the resource base of Russian banks |
| title_full | The impact of the digital ruble on the resource base of Russian banks |
| title_fullStr | The impact of the digital ruble on the resource base of Russian banks |
| title_full_unstemmed | The impact of the digital ruble on the resource base of Russian banks |
| title_short | The impact of the digital ruble on the resource base of Russian banks |
| title_sort | impact of the digital ruble on the resource base of russian banks |
| topic | сentral bank digital currency digital ruble commercial banks bank of russia banking resources cash non-cash money digitalization monetary system |
| url | https://vestnik.guu.ru/jour/article/view/3036 |
| work_keys_str_mv | AT avberdyshev theimpactofthedigitalrubleontheresourcebaseofrussianbanks AT avberdyshev impactofthedigitalrubleontheresourcebaseofrussianbanks |