MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKS
The monetary policy of the Bank of Russia during the financial crises (2008 and 2014) and the use of development banks for economic growth have been considered. The multiple regression model, which allowed to evaluate the influence of a number of factors on the quantitative characteristics of the Ba...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2019-06-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/1477 |
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| author | T. R. Maklakova S. S. Matveevskii |
| author_facet | T. R. Maklakova S. S. Matveevskii |
| author_sort | T. R. Maklakova |
| collection | DOAJ |
| description | The monetary policy of the Bank of Russia during the financial crises (2008 and 2014) and the use of development banks for economic growth have been considered. The multiple regression model, which allowed to evaluate the influence of a number of factors on the quantitative characteristics of the Bank of Russia monetary policy on the selected time interval has been developed and used. It has been concluded, that in the current сonditions a reduction in the key rate of the Bank of Russia does not lead to an increase in lending to the real sector of the economy. The proposals to increase the volume of lending to the Russian economy in the conditions of implementation of the current monetary policy of the Bank of Russia have been prepared. The usefulness of expanding the application of development banks in Russia to accelerate economic growth has been substantiated. |
| format | Article |
| id | doaj-art-b8bda8999e584d9f948b4382901c024e |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2019-06-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-b8bda8999e584d9f948b4382901c024e2025-02-04T08:27:59ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152019-06-010517518110.26425/1816-4277-2019-5-175-1811387MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKST. R. Maklakova0S. S. Matveevskii1Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationThe monetary policy of the Bank of Russia during the financial crises (2008 and 2014) and the use of development banks for economic growth have been considered. The multiple regression model, which allowed to evaluate the influence of a number of factors on the quantitative characteristics of the Bank of Russia monetary policy on the selected time interval has been developed and used. It has been concluded, that in the current сonditions a reduction in the key rate of the Bank of Russia does not lead to an increase in lending to the real sector of the economy. The proposals to increase the volume of lending to the Russian economy in the conditions of implementation of the current monetary policy of the Bank of Russia have been prepared. The usefulness of expanding the application of development banks in Russia to accelerate economic growth has been substantiated.https://vestnik.guu.ru/jour/article/view/1477monetary policykey raterefinancinglendingdevelopment bank |
| spellingShingle | T. R. Maklakova S. S. Matveevskii MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKS Вестник университета monetary policy key rate refinancing lending development bank |
| title | MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKS |
| title_full | MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKS |
| title_fullStr | MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKS |
| title_full_unstemmed | MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKS |
| title_short | MONETARY POLICY OF THE BANK OF RUSSIA IN THE PERIOD OF FINANCIAL CRISES (2008 AND 2014) AND DEVELOPMENT BANKS |
| title_sort | monetary policy of the bank of russia in the period of financial crises 2008 and 2014 and development banks |
| topic | monetary policy key rate refinancing lending development bank |
| url | https://vestnik.guu.ru/jour/article/view/1477 |
| work_keys_str_mv | AT trmaklakova monetarypolicyofthebankofrussiaintheperiodoffinancialcrises2008and2014anddevelopmentbanks AT ssmatveevskii monetarypolicyofthebankofrussiaintheperiodoffinancialcrises2008and2014anddevelopmentbanks |