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The crisis of the ideology of monetary regulation

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Abstract

In the opinion of the author of this article, the lack of noticeable success in overcoming negative phenomena in the monetary-financial and economic spheres reflects a crisis of the mainstream ideology of monetary and financial regulation and testifies to the use of socially unsubstantiated methods in the struggle against inflation and of an inadequate mechanism of banking supervision and deposit insurance. Overall, this causes large-scale abuse of the law and power and worsens the conditions for the development of full-fledged credit relations.

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References

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Authors and Affiliations

  1. Vestnik Rossiiskoi Akademii Nauk, Maronovskii per. 26, Moscow, 119049, Russia

    V. V. Martynenko

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  1. V. V. Martynenko
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Correspondence to V. V. Martynenko.

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Original Russian Text © V.V. Martynenko, 2014, published in Vestnik Rossiiskoi Akademii Nauk, 2014, Vol. 84, No. 2, pp. 159–165.

Vladimir Vladimirovich Martynenko, Dr. Sci. (Polit.), is chief researcher at the RAS Institute of Sociopolitical Research.

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Martynenko, V.V. The crisis of the ideology of monetary regulation. Her. Russ. Acad. Sci. 84, 52–57 (2014). https://doi.org/10.1134/S1019331614010080

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  • DOI: https://doi.org/10.1134/S1019331614010080

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