In the 21st century Russia's economy and banking sector experienced a number of negative external shocks: the global financial and economic crisis in 2008, the debt crisis in European countries in 2010, which are Russia's largest trade and investment partners, the end of the US quantitative easing policy in 2014, the fall in oil prices, and the sanctions imposed by Western countries against Russia. During this period, the country's banking system again found itself in a crisis.
The aim of the study is to improve conceptual approaches to the development of the monetary regulation mechanism by revising the strategic and tactical directions of this regulation, as well as making specific recommendations for the development of this mechanism in modern Russian conditions. The work is based on a number of methods, including philosophical research methods: induction and deduction, analysis and synthesis, dialectical method, formalization, extrapolation, abstraction and idealization, etc. General scientific methods of conducting research are also used: the method of comparative analysis, the method of statistical analysis, the method of system analysis, the method of computer analysis and economic and mathematical methods. The research methodology is based on fundamental scientific principles (concreteness, unity of historical and logical) and approaches (interdisciplinary, evolutionary, systemic). The work is based on a systematic approach, which assumes a system-problem structuring of the work, which in turn allows you to create an author's theoretical and methodological scheme of research, defines the general concept and mechanism of research, structure and logic of presentation. In the process of working on the study, the theories and basic provisions of macroeconomic theory, credit and finance theory, monetary policy theories, the history of economic doctrines, etc. were used.
The features of the influence of Russia's monetary policy are revealed. Recommendations are given on the construction of monetary policy, taking into account its positive and negative impact on the development of the economy. They aim at a gradual transition to the use of monetary policy to support growth and the integrated use of all monetary instruments to stimulate growth and achieve other strategic goals.