Publication Details
Journal:
Journal of Contemporary Business Law & Technology: Cyber Law, Blockchain, and Legal Innovations
Publisher:
ScienceConnect
Issue: Vol 1, No 3 (2024)
ISSN: 3031-7355
Abstract
The article outlines the difficulties of ensuring stability, the unpredictability of a cyclical downturn in the economy, methods of monetary control in conditions of both budget deficits and surpluses in conditions of manipulation of securities through the use of a reserve requirement for bank deposits. It is noted that mandatory reserve requirements should not be a permanent element of the state financial system. The proposal is made that reserve requirements in the order of 5% of credit accumulated in current accounts or savings deposits should be subject to monetary control rather than budgetary control
Keywords
control
money issue
financial restrictions
state finances
tax base
VAT
mitigation
financing
bank lending
credit resources