Assessment of Demand for Money in the Russian Economy with the Development of Banking Technology

Elena Sinelnikova-Muryleva

Ekonomicheskaya Politika / Economic Policy, 2012, 22—38

Abstract: Traditional microeconomic approaches to demand for money problem are considered in the article. It also discusses current view of monetary theory on concept of “money”. New approach gives reasoning to existence of variety of payment innovations. It provides theoretical base for inclusion of variable that describes innovations in payment sphere into equation of money demand in Russia. As a result a stable (during 2000—2010 years) money demand equation is obtained.

Keywords: demand for money; payment innovations; stability; search and matching theory (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:e12410

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