BANK CREDIT AS SOURCE OF INVESTMENT IN FIXED CAPITAL OF REAL SECTOR OF ECONOMY | Журнал правовых и экономических исследований

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BANK CREDIT AS SOURCE OF INVESTMENT IN FIXED CAPITAL OF REAL SECTOR OF ECONOMY



V.E. Krolivetzkaya
mail26@yandex.ru
professor of the Department of Finance and Banking, State Institute of Economics, Finance, Law and Technology, Doctor of Economics, professor
Gatchina

Keywords:

  • bank loan
  • economic growth
  • investment
  • commercial banks
  • bank crediting of investment projects
  • refinancing of investment credits
  • innovation development
  • We prove the impossibility of innovation development of Russian economy without adequate funding, consider the role of bank credit in the process and reveal the reasons for its insufficient participation in investment in fixed capital. We suggest ways to increase the resource base of commercial banks to encourage funding of investment projects in the real sector of economy. Special attention is paid to the new medium-term refinancing mechanism of the Bank of Russia concerning the loans of commercial banks to fund investment projects. The mechanism in question is to expand the opportunities of banks to provide long-term loans for investment to secure substantial economic development.

    188300 Russia, Leningrad region, Gatchina, st. Roshchinskaya, 5