Management of Monetary Policy in the Framework of Decision Making on Setting Interest Rates for Sustainable Social System: Example of the Russian Federation

Zhanna Chupina, Irina Abanina, Valery Abramov, Kira Artamonova, Oksana Yurchenko, Irina Osipova and Pavel Stroev
Additional contact information
Zhanna Chupina: Law Institute, Peoples’ Friendship University of Russia (RUDN University), 6 Miklukho-Maklaya Street, 117198 Moscow, Russia
Irina Abanina: Department of World Economy and International Business, Faculty of International Economic Relations, Financial University under the Government of the Russian Federation, 125993 Moscow, Russia
Valery Abramov: Institute for the Study of International Economic Relations, Financial University under the Government of the Russian Federation, 125993 Moscow, Russia
Kira Artamonova: Department of Audit and Corporate Reporting of the Faculty of Taxes, Audit and Business Analysis, Financial University under the Government of the Russian Federation, 125993 Moscow, Russia
Oksana Yurchenko: Law Institute, Peoples’ Friendship University of Russia (RUDN University), 6 Miklukho-Maklaya Street, 117198 Moscow, Russia
Irina Osipova: Department of Audit and Corporate Reporting of the Faculty of Taxes, Audit and Business Analysis, Financial University under the Government of the Russian Federation, 125993 Moscow, Russia
Pavel Stroev: Institute of Regional Economics and Interbudgetary Relations, Financial University under the Government of the Russian Federation, 125993 Moscow, Russia

Sustainability, 2021, vol. 14, issue 1, 1-13

Abstract: This work was based on empirical studies of the credit register and loans issued, which have been compiled by all Russian banks since 2017, for the analysis of bank interest rates by a common factor and subject to the control of the characteristics of the loan. These dates identified bank-specific components in the management information system; also, the same data were used to measure the fragmentation of the accounting lending market in Russia. This paper illustrates the credit market in Russia during the COVID-19 pandemic by analyzing the management of loan rates with existing differences due to the heterogeneity of banks and borrowers in order to achieve a sustainable management system. The results show that the heterogeneity of banks’ decision-making when setting interest rates is high and increased at an early stage of the pandemic. Additionally, the results demonstrate that the banks tightened interest-free lending conditions during the pandemic for sustainable management goals.

Keywords: sustainable development goals; bank interest margin; bank interest spread; corporate credit; credit registry; financial stability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/1/79/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/1/79/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2021:i:1:p:79-:d:708557

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().