The banking sector in a market economy is considered one of the most important. Businessmen and large leaders of government agencies know the figurative expression that money is the blood of the economy. The business lending system is organized according to certain rules. To ensure the ongoing development of the national economic complex, the Central Bank regulates processes in the financial market. Sergey Konstantinovich Dubinin, being the Chairman of the Central Bank, pursued a balanced and rational policy to maintain the ruble exchange rate. The experience accumulated during that period is still used.
Starting position
The restructuring of the planned economy and its transfer to market principles were carried out in difficult conditions. When the Great USSR of the USSR ceased to exist in 1991, no instructions and manuals on the organization of the new system existed. Yes, a group of reformers had the experience of European countries and the United States. A group of people whose names are today well-known have undergone training and internships at various educational institutions at home and abroad. Among them was Sergey Konstantinovich Dubinin. It should be noted that by this time he already had a doctorate in economics.
Biography of Dubinin until a certain point does not contain any incriminating data. The future Chairman of the Central Bank of the Russian Federation was born on December 10, 1950 in a family of Moscow intellectuals. My father worked for many years in party bodies and, by the time his second son was born, was engaged in journalism. Mother had a pedagogical education and worked in her specialty. The boy grew up in a healthy atmosphere. He led a healthy lifestyle. Eat well. He studied well at school with in-depth study of English. Actively engaged in physical education and sports.
In 1968, having received a certificate of maturity, Sergei entered the economics department of Moscow State University. At that time, some young people who were very unhappy with the Soviet regime were trained at Moscow State University. Among them are Sergey Aleksashenko, Petr Aven, Alexander Shokhin. They carried out reforms in the country and today they are envied by young people who cannot find work after school. Despite the “sophisticated” social circle, Dubinin “bent his line” and actively worked in the Komsomol. Moreover, a year before graduation, he joined the party. In those days, without a party ticket, a worthy career was impossible to make.
Having received a diploma in 1973, Sergey Dubinin immediately enters graduate school. At that time, a massive energy crisis erupted in the United States. On Soviet television showed kilometer-long lines at gas stations. It seemed that the "world of chistogan" was about to collapse. However, the capitalist system has survived. Graduate student Dubinin closely watched the events. In his Ph.D. thesis, he revealed the mechanism of lending to agricultural enterprises in the United States of America. Even repeatedly visited there with the purpose of a deeper study of the topic. He liked the overseas country.
In the service of the government
Today there is every reason to say that Sergey Konstantinovich Dubinin has achieved impressive results in science. While working at the Department of Economics of Foreign Countries of his native Moscow State University, he defended his doctoral dissertation. And the topic was again chosen with a delicate calculation - budget regulation of the economy of the capitalist countries. Through his work, an already seasoned economist made an important contribution to the basis of the future strategy that the Central Bank of the Russian Federation will pursue in the 1990s. The work of Dr. Dubinin was highly appreciated and invited to cooperation in a group of experts in the apparatus of the Secretary General of the CPSU Mikhail Gorbachev.
When the notorious August 1991 putsch made a noise, Dubinin was not left without a post. When forming a government of a renewed Russia, he was invited to tackle the problems of economic cooperation with the CIS countries. The topic of cooperation at that time was not credible in the former republics of the Soviet Union. After a short period of time, a connoisseur of the economy of the capitalist countries moved to the Ministry of Finance. For some time he even held the minister’s chair.
In October 1994, events occurred on the financial market, which they called Black Tuesday. Dubinin was “asked” from the government and he went into the structure of the Gazprom corporation. Meanwhile, events were taking place in the country that were weakly succumbed to by government structures. The doctor of economics was not bad at managing the activities of the commercial bank Imperial, which specialized in servicing Gazprom. Given this circumstance, in the fall of 1995, Serega Dubinin was invited to the post of chairman of the Central Bank of the Russian Federation.
For what purpose Sergei Konstantinovich Dubinin returned to public service, no one, even he himself, really can not explain. Although several times, being already far from a high position, he explained that he wanted to build a banking system immune to inflation. Be that as it may, some improvements in the activities of the Central Bank have occurred. However, the lack of a common concept for the development of the country did not allow the creation of clear regulations binding on all market participants.
