NEW FUNCTIONS Modern money as a medium of monetary relations. Analysis of the classical notions about money and money circulation
Importance The evolution of the classical notions about money and money circulation in order of macroeconomic regulation of the monetary sphere. Objective To trace the evolution of the classical model of the money market in the modern financial system Methods of work focused on the use of systematic, evolutionary and institutional approaches and rely on the analysis of trends, challenges, and measures to improve monetary processes in the modern economy of Russia Conclusions and Relevance Revealed contradictions in the legal and economic bases of functioning of non-cash money, which is not conducive to maintaining the stability of the monetary circulation.