Financial and Legal Analysis of Monetary System Elements of the Russian Federation
The sustainable financial and economic development of the rule of law is possible if an effective mechanism of monetary regulation is implemented. The article considers ways and methods of regulation of the monetary-credit policy of the Russian Federation, applied by the Central Bank to maintain financial system of the state as a whole. The creation of a competitive payment system in the Russian Federation is possible only if a competent and effective monetary policy is implemented aimed at expanding and integrating financial regulation mechanisms. The article analyzes the tools for regulating the monetary policy of the Russian Federation aimed at creating an effective financial sector of the state. It is concluded that a comprehensive mechanism for creating effective monetary regulation in the Russian Federation will have a positive impact on improving the country's competitiveness, making effective decisions in the field of financial policy aimed at stabilizing the ruble exchange rate and maintaining low inflation.