title: Stability of Money Demand in the Russian Economy after the Global Financial Crisis of 2008-2009
metadata.name: dc.contributor.author
metadata.value: Gilenko, Evgenii
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2018-11-28T11:12:20Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2018-11-28T11:12:20Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2018-11
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Journal of Reviews on Global Economics
metadata.lang: en_GB
metadata.name: dc.identifier.issn
metadata.value: 1929-7092
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15063
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Existence of a favorable socioeconomic climate is now considered as a key factor of the long-term economic
  growth of a country. This is specifically true for the emerging economies in the modern global economic environment. For the Russian economy which has been facing economic sanctions from the part of Western countries, creation and maintaining of such climate is a crucial issue of survival. From this perspective, the efforts applied by the Bank of Russia and the Russian government were aimed at stabilization of the economy and creation of an attractive economic environment in the country. This paper studies the conditions under which this policy was carried out in 2011-2017. This study specifically focuses on one of the key aspects of success of such policy – stability of the money-demand function (MDF) in the Russian economy. The presence of such stability is studied using the cointegration analysis, and the type of relationship between national income and money demand is also identified. The findings of this research speak in favor of existence of a stable MDF in the Russian economy of that time. Thus, based on the Russian case, the paper’s contribution is empirical demonstration of the importance of MDF stability for success of monetary policy which is in line
  with the extant literature.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: LifeScience Global
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: 7;
metadata.lang: -
metadata.name: dc.subject
metadata.value: Money-demand function, socio-economic climate, inflation targeting, cointegration analysis
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Stability of Money Demand in the Russian Economy after the Global Financial Crisis of 2008-2009
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 05_Gilenko_JRGE_final version.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15063/1/05_Gilenko_JRGE_final%20version.pdf
resources.format: Adobe PDF
resources.size: 430,69 kB