Building of monetary and currency markets models

Alexandra Bozhechkova, Pavel Trunin, Elena Sinelnikova-Muryleva, Diana Petrova and Alexander Chentsov
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Alexander Chentsov: RANEPA

Research Paper Series, 2018, issue 175P, 96 pages

Abstract: The paper provides the estimation of stable long-run and short-run functions of the demand for money in Russia and determines the factors affecting the demand for money in Russia. The endogenous nature of money supply in Russia after the global financial crisis due to the gradual change in the monetary policy regime and the transition to flexible exchange rate formation and inflation targeting were revealed in the paper. In addition, the paper investigates the hypothesis of interest parity, taking into account the degree of openness of the economy.

Keywords: Russian economy; monetary markets models; currency markets models; money demand; money supply (search for similar items in EconPapers)
JEL-codes: C32 C33 E41 E51 F41 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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https://iep.ru/files/RePEc/gai/rpaper/rpaper-2018-175P-910.pdf Revised version, 2018 (application/pdf)

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