Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimation
The objective of the current work is to estimate to what extent support measures of the Bank of Russia and the Government of the Russian Federation promoted financial stability of banks and the financial market overall so to sustain lending economy-wide during the crisis periods of 2014, 2020, and 2...
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| Format: | Article |
| Language: | English |
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Voprosy Ekonomiki
2025-06-01
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| Series: | Russian Journal of Economics |
| Online Access: | https://rujec.org/article/144107/download/pdf/ |
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| _version_ | 1849428772582850560 |
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| author | Maria S. Lymar Henry I. Penikas |
| author_facet | Maria S. Lymar Henry I. Penikas |
| author_sort | Maria S. Lymar |
| collection | DOAJ |
| description | The objective of the current work is to estimate to what extent support measures of the Bank of Russia and the Government of the Russian Federation promoted financial stability of banks and the financial market overall so to sustain lending economy-wide during the crisis periods of 2014, 2020, and 2022. These measures mutually assured the financial stability of the institutions and enabled them to extend lending within the economy for RUB 8 trillion in 2022 (~$100 billion, or 8%+ of the total loan book), of which Bank of Russia measures contributed to RUB 4.3 trillion of the total, the Government of Russia — to RUB 2.0 trillion, while the synergy was RUB 1.7 trillion. |
| format | Article |
| id | doaj-art-8af15d5e42f548ae97dd5787925d3bd0 |
| institution | Kabale University |
| issn | 2405-4739 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Voprosy Ekonomiki |
| record_format | Article |
| series | Russian Journal of Economics |
| spelling | doaj-art-8af15d5e42f548ae97dd5787925d3bd02025-08-20T03:28:34ZengVoprosy EkonomikiRussian Journal of Economics2405-47392025-06-0111216819610.32609/j.ruje.11.144107144107Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimationMaria S. Lymar0Henry I. Penikas1Bank of RussiaBank of RussiaThe objective of the current work is to estimate to what extent support measures of the Bank of Russia and the Government of the Russian Federation promoted financial stability of banks and the financial market overall so to sustain lending economy-wide during the crisis periods of 2014, 2020, and 2022. These measures mutually assured the financial stability of the institutions and enabled them to extend lending within the economy for RUB 8 trillion in 2022 (~$100 billion, or 8%+ of the total loan book), of which Bank of Russia measures contributed to RUB 4.3 trillion of the total, the Government of Russia — to RUB 2.0 trillion, while the synergy was RUB 1.7 trillion.https://rujec.org/article/144107/download/pdf/ |
| spellingShingle | Maria S. Lymar Henry I. Penikas Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimation Russian Journal of Economics |
| title | Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimation |
| title_full | Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimation |
| title_fullStr | Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimation |
| title_full_unstemmed | Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimation |
| title_short | Effectiveness of micro- and macroprudential measures in 2014–2022 in Russia: Endogenous treatment effects estimation |
| title_sort | effectiveness of micro and macroprudential measures in 2014 2022 in russia endogenous treatment effects estimation |
| url | https://rujec.org/article/144107/download/pdf/ |
| work_keys_str_mv | AT mariaslymar effectivenessofmicroandmacroprudentialmeasuresin20142022inrussiaendogenoustreatmenteffectsestimation AT henryipenikas effectivenessofmicroandmacroprudentialmeasuresin20142022inrussiaendogenoustreatmenteffectsestimation |