Reducing Household Spending Is the Main Source of Additional Cash in 2020

Сокращение расходов населения – основной источник дополнительного объема наличных в 2020 г

Grebenkina Alina, Sergey Drobyshevsky and Pavel Trunin
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Grebenkina Alina: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2021, issue 3, 4-11

Abstract: In 2020, Russia saw a significant increase in the proportion of cash in circulation. The main source of this additional amount of cash was the reduction in household spending, which led to the non-return of cash previously put in circulation for transactions for the purchase of goods and services, as well as keeping of unspent income in cash as a precautionary measure in the face of increasing uncertainty. The article was written on the basis of the RANEPA state assignment research programme.

Keywords: expenses of the population; cash on hand; money supply; denomination of banknotes (search for similar items in EconPapers)
Date: 2021
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