MANDATORY RESERVE REQUIREMENTS AND THEIR IMPORTANCE IN THE BANKING SYSTEM OF RUSSIA
The article considers one of the main tools of monetary policy - reserve requirements. Its importance in the system of monetary regulation instruments and the relevance of the application of this tool at the present stage are studied. Attention is paid to the impact of reserve requirements on the liquidity of the banking sector, the credit resources cost and the volume of the money supply. The history of the reserve requirements emergence is given. The article shows the functions of the reserve requirements and their relevance in time. Dynamics of reserve requirements in Russia, monetary aggregates, as well as a money multiplier are given. The main monetary policy trends of the Russian Federation Central Bank are considered. The result of the work is the proposal to mitigate the rigidity of the reserve requirements mechanism, namely, the exclusion of all resources attracted for a period more than one year from the amount of the reserved liabilities