The role of cash and credit indicators analysis of profit and consequences of financial and economic crisis

The article analyzes the importance of monetary and credit aggregates in the analysis of the causes of significant financial imbalances, as well as the possible role of monetary indicators in the formulation and implementation of monetary policy. A review of international experience with the monetary analysis in this aspect. Studied periods of deviation of prices in the Russian housing market and the stock market from its equilibrium value. Calculates the level of excess liquidity (cash and credit breaks). Empirically evaluated the relationship dynamics of monetary and credit aggregates and asset prices in the Russian economy.