Innovations in the sphere of payments and the money demand in Russia

Elena Sinelnikova-Muryleva

Research Paper Series, 2011, issue 157P

Abstract: This publication deals with the money demand in Russia from 1995 through 2010. Specifi cally, the work addresses the issue whether the use of payment cards has a signifi cant impact on the money demand. The results indicate that the monetary aggregate M1 can be a tool in conducting monetary policy.

Keywords: payments; money demand; Russia; monetary policy (search for similar items in EconPapers)
JEL-codes: C22 E41 E42 (search for similar items in EconPapers)
Date: 2011
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http://www.iep.ru/files/RePEc/gai/rpaper/64Sinelnikova.pdf Revised version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:rpaper:64

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