ISSN 1995 - 1248
BANK CREDIT AS SOURCE OF INVESTMENT IN FIXED CAPITAL OF REAL SECTOR OF ECONOMY
V.E. Krolivetzkaya |
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mail26@yandex.ru |
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professor of the Department of Finance and Banking, State Institute of Economics, Finance, Law and Technology, Doctor of Economics, professor |
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Gatchina |
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Keywords: |
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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. |