Ben Bernanke's regulatory models and solving urgent problems of the financial sector of the national economy: opportunities for adaptation and application

In scientific publications devoted to the analysis of the current state and forecasts of the development of the world economy, the influence of global cyclical patterns is recognized by many experts as the key reason for the emergence of crisis events during the evolution of national economies. At the same time, a number of economists, in addition to objective ones, pay attention to the important role and importance of subjective factors, such as the timeliness of making and making adjustments to management decisions related to the regulation of qualitative and quantitative parameters of the functioning of the financial sector of the economy. These parameters (the size of the currency position, the financial reserves of the state and banks; the levels of credit activity of financial institutions, the creditworthiness of the population, the dynamics of interest rates, etc.) are subject to the most significant fluctuations precisely during periods of economic turbulence, thereby actually determining the depth and duration of each individual crisis. Taking into account the current situation in the national economy, adequate regulation of the financial sector is recognized by experts as a decisive factor determining the course and dynamics of overcoming negative phenomena. Effective regulatory solutions at the level of the state and financial institutions in times of crisis contribute both to the prompt relief of emerging destructive trends and to the early subsequent recovery of the financial market. Along with a review of scientific publications, the article presents the results of the authors' theoretical analysis of the possibility of implementing the regulatory models of financial sector management proposed by B. Bernanke to modern Russian reality. Additionally, the possibility of applying the conclusions of the 2022 Nobel Laureate on the causes of financial and economic crises, including the period of the Great Depression of the United States, in the context of the current situation in global and national economies is considered. In the context of the ongoing change in the systemic cycle of capital accumulation, the improvement of theoretical and methodological approaches to assessing the impact of the quality of regulation by state institutions of the financial sector on the depth and duration of economic recessions becomes particularly relevant. The results of the study allow, according to the authors, theoretically substantiate the possibility of applying financial models and tools of state regulation tested in the conditions of the largest economic crisis in history, such as the Great Depression of the United States, in relation to the current situation in the world and national economies, characterized, as well as in the first half of the last century, by a change in the systemic cycle of capital accumulation.

economic cycles, Great Depression, Gold Standard, financial crisis, de-dollarization, banking system, financial intermediary, debt burden, population indebtedness, financial institution