"Journal "U". Economy. Management. Finance."
"Journal "U". Economy. Management. Finance." is a peer-reviewed scientific publication devoted to original research of problems in the field of economy and management. Authors are invited to the publication of results of scientific research, reports of conferences, the overview of business and scientific literature, the reviews, the expert evaluations and other materials meeting the requirements of the journal. Scientists, graduate students, undergraduates, students, public men, politicians, economists from Russia, from the CIS and other foreign countries are invited to cooperation. Schedule: 4 issues a year. Languages: Russian, English. All articles published in the journal are in open access on our website and in the electronic scientific library (elibrary.ru). Certificate number of registration in Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (ROSKOMNADZOR): ЭЛ № ФС 77 - 64116. ISSN 2500-2309
Индивидуальный предприниматель Володин Роман Сергеевич
Investments in digital technologies and their return: a macroeconomic analysis
The article presents a macroeconomic analysis of the impact of investments in digital technologies (artificial intelligence, Big Data, IoT) on sectoral productivity. Based on data for 2018–2026, an econometric model reveals the lagged effect of investments in digitalization and differentiation in returns between the service sector and the manufacturing industry.
Copyright (c) 2026 "Journal "U". Economy. Management. Finance." http://creativecommons.org/licenses/by-nc/4.0
Monetary policy and investment attractiveness of the national economy
The article examines the relationship between the monetary policy measures of the Bank of Russia and the dynamics of the national economy’s investment attractiveness in the context of a geopolitical shock. It analyses capital outflow channels and assesses the effectiveness of the regulator’s measures.
Macroeconomic policy under high uncertainty lessons from pandemics and crises
This article examines the features of macroeconomic policy in conditions of high uncertainty. Using the examples of pandemics and geopolitical crises, the adopted measures are analysed and key lessons for economic policy are formulated.
The labor market in a macroeconomically unstable environment
This article examines the features of the labor market functioning in conditions of macroeconomic instability. It analyzes the key factors influencing the transformation of labor demand and supply, as well as the mechanisms of labor market adaptation to modern challenges, including digitalization and structural changes in the economy.
The problem of the informal economy in modern Russia: scale, causes and solutions
The article analyses the problem of shadow employment in Russia, its scale, key causes of proliferation and socio‑economic consequences. Particular attention is paid to contemporary challenges associated with the digitalisation of the labour market and sanctions pressure.
Digital infrastructure as a factor of entrepreneurship development: regional disparities
The article examines the impact of digital infrastructure on entrepreneurship development in the Republic of Bashkortostan and neighbouring regions. It identifies existing disproportions affecting entrepreneurship in the era of digitalisation and proposes measures to reduce them.
Digitalization and the transformation of labor demand: macroeconomic consequences
The article examines the impact of digitalization processes, particularly the development of artificial intelligence and platform employment, on the transformation of labor demand. Based on an econometric analysis of panel data across sectors of the Russian economy for 2019–2026, a multidirectional dynamic in the demand for skilled and unskilled labor is identified, along with the macroeconomic consequences of structural shifts in the labor market.
Flexible employment as a mechanism for stabilizing the labor market in crisis conditions
The article examines flexible forms of employment and their role in maintaining macroeconomic stability during economic crises. The paper considers three key forms of employment: part-time employment, remote work, outsourcing (outstaffing). Conclusions are drawn about the function and role of flexible forms of employment in the labor market.
Tax policy in conditions of macroeconomic instability
The article is devoted to tax policy in conditions of macroeconomic instability. Using Russia as a case study, the paper analyses anti |antirecessionary measures and their impact on the economy. The following problems have been identified: uneven support, administrative complexities, and the shadow economy. Paths for improving the tax system are proposed.
The relationship between inflation, minimum wage and employment
The article presents an econometric analysis of the impact of the minimum wage and inflation on employment in the Russian Federation. Based on data for 2010–2026, a regression model reveals that an increase in the real minimum wage restrains labor demand, while inflation partially compensates for this effect.
The path to a sustainable creative economy: outlines of a strategy
The paper is devoted to the role of creative industries in the sustainable development of the Russian economy. It presents a sector development strategy up to 2030, including target indicators and mechanisms for interaction among stakeholders in the development of a creative economy.
Practice-Oriented Papers in Economics and Management
Digital maturity of enterprises and its relationship with macroeconomic stability
This article explores the relationship between the level of digital maturity of enterprises and macroeconomic stability. The key elements of digital transformation and their impact on the resilience of the national economy are considered.
The cash phenomenon: why demand for paper money persists in the age of digitalization
This article examines the phenomenon of persistent demand for cash in the context of digitalization of the payment system. Based on data from the Bank of Russia and international studies, the factors responsible for maintaining cash in circulation are analyzed, including technological failures, the psychological need for security, financial inclusion, and the shadow economy. The aim of the study is to identify and systematize the causes of this phenomenon. The practical significance of this study lies in its substantiation of the need to preserve the cash payment infrastructure to maintain financial stability and ensure the availability of payment services for socially vulnerable groups.
Competition between bank cards and cash: who will win the battle for customer?
This article analyzes the competition between cash and non-cash payments in Russia and globally, based on data from the Bank of Russia and Worldpay 2025. It examines factors driving consumer choice and the advantages and disadvantages of payment instruments. Particular attention is paid to the paradoxical growth in demand for cash in the context of digitalization and the prospects for implementing the Fast Payment System (SBP) and the digital ruble. The objective is to identify the key factors in choosing between cards and cash. Practical significance: these findings help consumers make informed payment choices, and banks adjust their strategies given the 43% of the population's interest in cash.
Digital transformation of the banking system: the impact of financial technology (fintech) on the development of bank lending and risk management
The article is devoted to the study of the impact of digital technologies (Fintech) on the transformation of banking services, especially in the field of lending and risk management. The changes that occur due to the introduction of innovations are considered, such as improving the efficiency of credit processes, improving risk analysis, and enhancing transaction security. Special attention is paid to the advantages and challenges of digital transformation of banks and the formation of new approaches to interaction between banks and customers.
Research Works in Economics and Management
Transformation of the Russian banking system under sanctions pressure
The purpose of the study is a comprehensive analysis of structural changes in the banking system of the Russian Federation under the impact of sanctions restrictions of 2022–2025. Objectives: to identify key directions of transformation in the banking sector; to assess adaptation mechanisms of credit institutions; to determine the role of the Bank of Russia in ensuring the stability of the financial system; to analyze prospects for further development. Practical significance lies in the possibility of using the findings for developing bank risk management strategies, improving regulatory approaches, and formulating long-term programs for the development of the financial sector under external restrictions.
Bank of Russia: functions, instruments and role in ensuring the stability of the financial system
The purpose of the study is a systematic analysis of the functions, instruments and role of the Bank of Russia as a mega-regulator in the context of structural transformation of the economy. The paper examines the key areas of monetary and macroprudential policy, identifies mechanisms for managing systemic risks and ensuring financial stability. The practical significance lies in the possibility of using the research results by public authorities, credit institutions and analytical structures to assess the effectiveness of regulation and adaptation to external shocks.
Central bank as a key element of a state’s monetary system
The article considers the central bank as a system‑forming institution of the state’s monetary system. It reveals the key channels through which the Bank of Russia influences the conditions of money circulation via monetary policy, interest‑rate setting, the safeguarding of financial stability and the integration of sustainable development principles into the regulatory framework. It is shown that the transmission of regulatory decisions is implemented through the banking sector, which provides payment services, safekeeping of funds, credit to the economy and the reallocation of resources in favour of more sustainable projects. The importance of the resilience and security of the financial and banking infrastructure, including technological, operational and ESG‑related risks, is substantiated as a prerequisite for the reliable functioning of monetary circulation. The article concludes that the role of the central bank is of a complex nature, combining monetary, supervisory, infrastructural and coordination functions aimed at maintaining the stability of the national currency and the financial system.
Payment system as the foundation of efficient money circulation
The article examines the payment system as a key element of the financial infrastructure that ensures efficient money circulation amid the growing share of cashless transactions. It is shown that the speed, reliability, and security of payments depend on the technological development of infrastructure, the centralization of transaction processing, the harmonization of interbank settlements, and the standardization of financial messaging. The article substantiates the need for strategic improvement of the payment infrastructure to maintain the continuity of money flows and the resilience of money circulation.
Implementation of artificial intelligence in the enterprise management system
The article examines the features of implementing artificial intelligence technologies in enterprise management systems. The main areas of artificial intelligence application, its impact on the effectiveness of managerial decision-making, as well as key risks and limitations of implementation are analyzed. The necessity of a comprehensive approach to the integration of intelligent technologies into enterprise activities is substantiated.
Information interaction between the Federal Service for Alcohol and Tobacco Market Control and executive authorities as a condition for the effectiveness of state control (supervision)
The article examines how Rosalkogoltabakkontrol's information interaction with executive authorities and the use of digital systems increase the effectiveness of state control over the circulation of excise goods and excise revenues, as well as the necessity of further digital integration and the implementation of predictive analysis.
Purchasing power of money and methods of its measurement
The article expolores the concept of the purchasing power of money and substantiates approaches to its measurement from both theoretical and applied perspectives.
Monetary reforms as a tool for restoring the monetary system
<span lang="EN-US" style="font-size: 14.0pt; mso-bidi-font-size: 11.0pt; line-height: 107%; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-font-kerning: 1.0pt; mso-ligatures: standardcontextual; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">The article examines monetary reforms as a tool for strengthening the monetary system and stabilizing monetary circulation by reducing inflationary imbalances and restoring confidence in the national currency. It argues that the effectiveness of reforms is determined by their comprehensiveness, their consistency with monetary and fiscal policy, and the quality of institutional constraints. It shows that under contemporary conditions the stability of monetary circulation additionally depends on the reliability and security of the payment
Development of cashless payments in the digital economy
The article examines the main trends in the development of cashless payments in the context of the digital economy. It investigates the factors driving the growth of cashless payments, as well as the importance of payment infrastructure, bank cards, and modern technologies in ensuring the efficiency, speed, and stability of monetary circulation. Particular attention is paid to the role of digitalization in transforming the payment habits of the population and businesses.
Modern payment systems and their importance for financial stability
The article examines the significance of modern payment systems for financial stability. It investigates the impact of payment infrastructure, cashless settlements, and digital technologies on the resilience of monetary circulation. Special attention is given to the role of the national payment system in reducing risks and ensuring uninterrupted settlements. The study demonstrates that developing payment infrastructure serves as a key factor in enhancing the efficiency of the financial system and maintaining the stability of economic ties.
The role of the central bank of the russian federation in ensuring the stability of the monetary system
The article examines the role of the Bank of Russia in ensuring the stability of the Russian Federation's monetary system. It investigates key regulatory areas, including maintaining ruble stability, developing the banking and payment systems, and incorporating ESG factors as an additional tool for strengthening financial stability. Special attention is given to the importance of monetary policy and banking regulation in shaping a stable and predictable financial and economic environment.
The impact of fintech development on monetary circulation
The article analyzes how the development of fintech companies and the digitalization of the financial sector affect the structure and dynamics of monetary circulation, including the transformation of cash demand, changes in the velocity of money, and the evolution of payment infrastructure. It is shown that the spread of digital payment services and fintech ecosystems increases the share of cashless payments, enhances the transparency of monetary flows, and transforms monetary transmission channels. It is argued that the stability of monetary circulation under fintech expansion depends on the quality of digital platform regulation, the reliability of payment infrastructure, and the consistency of financial digitalization with the goals of the central bank’s monetary policy.
Supervisory and Preventive Functions of the Federal Assay Chamber
The Federal Assay Chamber ensures control and supervision in the sphere of circulation of precious metals and gemstones, playing an important role in maintaining market transparency and legality. The annotation highlights key areas of oversight, including hallmarking, financial monitoring, and licensing, as well as the significance of the risk-oriented approach. Special attention is given to preventive measures aimed at reducing violations and strengthening the integrity of market participants.
Labour shortage in Russia: education and productivity in the context of demographic decline
The article analyses a dual-track strategy for addressing labour shortages in Russia: the development of secondary vocational education and the enhancement of labour productivity. Challenges, instruments, risks, and recommendations for improving state policy under conditions of demographic decline are examined.
Digital Transformation of Housing and Utilities Management Processes: Opportunities and Barriers for Municipal Administrations (Case Study of the Murom Urban District)
The article examines the digital transformation of housing and utilities (H&U) management at the municipal level, using the Murom urban district as a case study. The aim is to assess the impact of digital tools on management quality and develop recommendations to enhance the effectiveness of digitalization. The study employs theoretical analysis, a case study of digital infrastructure (including the State Information System for Housing and Utilities — GIS H&U, a citizen feedback portal, and an electronic document management system), and a comparative method. Analysis of regulatory acts, budget indicators, and digital service data shows that digitalization is yielding initial results, but a strategic approach is needed to unlock its full potential. The findings will be useful for municipalities and regional authorities in implementing digital transformation programs