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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Main Authors: T. R. Maklakova, S. S. Matveevskii
Format: Article
Language:English
Published: Publishing House of the State University of Management 2019-06-01
Series:Вестник университета
Subjects:
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.
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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