Analiz transmissionnykh mekhanizmov denez︠h︡no-kreditnoĭ politiki v rossiĭskoĭ ekonomike
Nauchnye trudy #116R
en
translation: Analysis of Transmission Mechanisms of Money and Credit Policy in Russia's Economy - Research Works # 116R
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This paper is about the study of mechanisms of money transmission in Russia's economy based on the econometric analysis of macrodata as well as on the data about commercial banks balances. The authors demonstrated that for the last several years the channel of bank credit and the channel of household wealth played important role. This fact reflects an increased importance of the banking system in funding the real sector and in forming consumption demand.
