Monetary emission as a legal instrument of economic management

This article is devoted to the consideration of issues related to the doctrinal foundations and legal regulation of monetary emission in the territory of the Russian Federation. The monetary policy of the Russian Federation, implemented in the current conditions of the global and national economic crisis, became the basis of the conducted research. It has been established that monetary emission, acting as a key element in the system of guarantees of state and financial sovereignty of Russia, is a multidimensional concept and is considered both in a narrow (the activities of the Bank of Russia) and in a broad (the activities of various authorized entities) senses. In the course of the conducted research, various groups of public relations that develop in the field of public financial activity regarding the implementation of monetary emission have been identified and the corresponding stages of the emission process have been identified. It is indicated that credit institutions have been granted certain public powers related to the organization of monetary circulation at its secondary stage after the direct introduction of funds into circulation by the Bank of Russia. Conceptual proposals on the doctrining and regulation of these public relations in the norms of financial law are formulated.