Ponomarenko, Alexey; Solovyeva, Alexandra; Vasilieva, Elena - In: Macroeconomics and Finance in Emerging Market Economies 6 (2013) 2, pp. 221-243
We review some aspects of financial dollarization in Russia, applying the main relevant theories to analyse the dynamics of several dollarization indicators. An econometric model of the short-run dynamics of deposit and loan dollarization is estimated for the last decade. We find that ruble...