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...

This comprehensive analysis of the Russian budget policy adjustment to the 2008–2009 global crisis. The analysis of main parameters and directions of anticrisis budgetary measures offers insights into their relative efficiency and monitor their impact on the budget policy in 2011–2013....

This comprehensive analysis of the Russian budget policy adjustment to the 2008–2009 global crisis. The analysis of main parameters and directions of anticrisis budgetary measures offers insights into their relative efficiency and monitor their impact on the budget policy in 2011–2013....

The study is dedicated to the search of the factors affecting monetary demand in Russia, and the analysis of the achieved stability level in monetary demand. The analysis of the monetary demand in Russia is made with the help of dynamic least-squares method, allowing to obtain statistically...

The present work addresses the issue of identifying main factors, which determine the problems in certain Russian banks during 2008-2009 crisis. As in most such studies, this task is carried out by constructing a binary regression models estimated on the data from banker's books and...

This publication analyses general terms regarding the development of international financial centers, the role of the state in the regulation of financial market. The authors examined the making of leading financial centers. This research allows to evaluate feasibility for creating international...

This paper describes a dynamic stochastic general equilibrium (DSGE) model for the Russian economy. It takes into account a high dependence of the national economy on the oil export. The model consists of three production sectors: tradable and non-tradable sectors and oil extraction sector. Oil...

The paper deals with an analysis of efficacy of monetary and credit policy in the major oil_exporting economies from the perspective of sterilization of shocks caused by money offer generated by fluctuations of export revenues fueld by oil price fluctuation on the global market. Basing on...

The paper presents an attempt to provide a theoretical justification of the problem of currency integration with respect to the CIS countries. The paper also provides a theoretical analysis of fundamental provisions of the theory applied to the problem of creation of a single currency zone...

We use to consider Russia as a commodity state whose welfare was mainly based on extraction and export of hydrocarbons. Well, Russia has one of the biggest oil and natural gas endowments, virtually dominates at the European crude oil and natural gas markets and actively builds up export of oil...