The effect of the transfer of interest rates in Russia in 2010-2014

Эффект переноса процентных ставок в России в 2010—2014 годах

Yury Perevyshin () and Perevyshina, Elena (Перевышина, Елена) ()
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Perevyshina, Elena (Перевышина, Елена): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Ekonomicheskaya Politika / Economic Policy, 2015, vol. 5, 38—52

Abstract: The article is devoted to the study of an important element of the transmission mechanism of monetary policy in Russia in 2010-2014, - transfer effect of interest rates on the interbank market interest rates on deposits and loans of commercial banks. The paper presents theoretical approaches to explain the mechanism of transfer of interest rates, the reasons for its incompleteness, the empirical methods of estimating the effect of the transfer on real data. The results of the econometric estimation of the influence of MIACR on deposit rates of commercial banks in the Russian Federation. The possible reasons for the incomplete pass-rates in the Russian banking sector.

Keywords: Keywords: carry-over effect of the interest rate; the rigidity of interest rates; interest rate policy; interest rate channel; monetary policy (search for similar items in EconPapers)
JEL-codes: E43 E52 E58 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1557

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