The Impact of Monetary Policy on Loan and Deposit Rates in the Context of Limited Capital Mobility in Russia
According to the macroeconomic theory, capital controls should improve the transmission of interest rates from the monetary policy rate to market-based short- and long-term rates, as the latter are less affected by global financial conditions. We test this hypothesis using the case of the Russian ec...
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| Format: | Article |
| Language: | English |
| Published: |
Financial Research Institute
2025-06-01
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| Series: | Финансовый журнал |
| Subjects: | |
| Online Access: | https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2025/3/statii/07_3_2025_v17.pdf |
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