HETEROGENEOUS BANK LENDING RESPONSES TO MONETARY POLICY: EMPIRICAL EVIDENCE FROM RUSSIA

The monetary policy affects the regional economy through interest rates and its main parameter the Bank of Russia key rate. But do all the banks in the regions respond uniformly to monetary policy changes? The effects of monetary policy actions can vary across the regions within an economic entity...

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Autor principal:	Zlata Kovtun
Format:	Artigo
Idioma:	Inglês
Publicat:	Russian Academy of Sciences, Institute of Economics of the Ural Branch 2017-06-01
Col·lecció:	Экономика региона
Matèries:	monetary policy interest rate lending channel commercial banks heterogeneity monetary transmission inflation bank supervision regional development Taylor rule
Accés en línia:	http://www.economyofregion.com/archive/2017/65/2949/pdf/
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