Inflation And Bank Percentin Contemporary Russian Economy
A. Kolomiets ()
Voprosy Ekonomiki, 2014, issue 12
Abstract:
Considering statistical data which characterize dynamics of money supply, inflation and rates of bank percent in the Russian Federation, the author states the lack of expressed dependence of monthly indicators of change of inflation and bank percent on increase or decrease in growth rates of M2. According to the author, inflationary expectations of economic subjects and households are generated, first of all, by institutional uncertainty, characteristic for the system of economic and social relations, which has developed in the Russian Federation, and also by more rapid growth of production costs and prices of energy carriers. Institutional uncertainty and instability of financial position of borrowers compel banks to support the reached level of interest rates, including rates of investment credits. In turn, high rates of bank percent stimulate inflationary expectations.
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2014:id:732
DOI: 10.32609/0042-8736-2014-12-101-115
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