Research Of The Influence Factors Of The Russian International Reserves

Russia's international reserves are high-liquid external assets that the Central Bank of the Russian Federation and the federal government can control at any time.Russia's international reserves consist of foreign exchange,state-owned Special Drawing Rights(SDR),and the International Monetary Fund's reserve position and monetary gold.The foreign exchange includes:foreign currency;the balance on the corresponding account(including the unallocated gold account);the deposit of the initial maturity date of the foreign central bank,the international settlement bank,and the non-resident deposit-taking company(including the gold deposit)Non-resident bonds issued;loans under reverse repurchase agreements;one-year other financial claims for non-residents.Securities provided to trading desks in securities lending transactions are included in international reserves.Special drawing rights are international reserve assets created and allocated by the International Monetary Fund to member countries.The special drawing rights of Russia refer to the special holdings held by Russia in the Russian Federation's account of the Special Fundraising Department of the IMF.The balance of the right.The reserve position stored in the International Monetary Fund refers to the balance of the drawing rights of Russia in the reserve portion of the IMF,plus the balance of convertible currency loans provided to the IMF.The standard gold bars and coins held by the Russian Federation Government and the Central Bank with a purity of 99.5%-100%consist of treasury,in-transit and allocated accounts.It is important to note that the assets of the Russian Federal Reserve Fund,the National Welfare Fund account,which are priced by foreign exchange,the central bank and the central bank investing in foreign financial assets are included in Russia's international reserves.The international reserves of the Russian Federation have better realized their functions and have played a positive role in economic life.The first is to guarantee external payment,and the second is to maintain the stability of the ruble exchange rate,which is a reasonable level of saving the local currency exchange rate during the financial crisis.This paper is divided into five parts.The introduction part introduces the background and significance of the topic and the main content and research methods of the thesis.The first chapter introduces the connotation of international reserves and the main content of international reserve management theory.The second chapter expounds the scale and structure of Russia's international reserves.The third chapter analyzes the main factors affecting Russia's international reserves,including international trade,foreign direct investment and international oil prices.On the basis of the above analysis,the fourth chapter puts forward relevant suggestions for strengthening the management of Russian international reserves.