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

Elena Sinelnikova-Muryleva

Published Papers from Gaidar Institute for Economic Policy

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: money demand; payment innovations; stability; search and matching theory (search for similar items in EconPapers)
JEL-codes: C22 E31 E41 E52 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2012, Revised 2013
New Economics Papers: this item is included in nep-cis, nep-mac, nep-mon and nep-tra
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https://www.iep.ru/files/RePEc/gai/ppaper/135Sinelnikova.pdf Revised version, 2013 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:135

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