On the question of assessing the effectiveness of anti-crisis measures in relation to the banking sphere of the Russian Federation

The purpose of the article is to identify the evolution of the Bank of Russia’s anti-crisis strategies during crises. The article examines the anti-crisis measures taken by the Bank of Russia in response to the crises of 2008, 2014 and 2022 and assesses their impact on the stability of the Russian banking sector. The author provides a comparative analysis of the macroeconomic stabilization instruments used and illustrates their adaptation to changing economic conditions. The article pays special attention to the transformation of approaches to ensuring liquidity, currency regulation and macroprudential policy. It is shown that if in 2008 the anti-crisis policy was dominated by emergency measures, such as providing liquidity and temporary regulatory relaxations, then in 2014 the Bank of Russia significantly expanded its toolkit, including foreign exchange interventions and refinancing. In 2022, the regulator applied a comprehensive approach, combining strict restrictions with measures to gradually adapt the financial sector to new conditions. Analysis of the dynamics of key indicators of the banking system shows that the anti-crisis policy of the Bank of Russia contributed to maintaining stability and minimizing systemic risks. It is concluded that, in general, the measures taken by the regulator have proven their effectiveness, ensuring the relative stability of the banking system in the conditions of crisis shocks.