Econometric Analysis of Bank Lending Channel Efficiency in Russia
https://doi.org/10.38050/01300105201734
Abstract
The paper investigates the relationship between monetary policy indicator and bank lending in Russia using dynamic panel regressions and quarterly banks’ balance sheets data for the period of 2010-2016. The main purpose of the paper is to identify bank characteristics, which determine the reaction of bank lending to monetary policy shocks. The results support the existence of a bank lending channel of monetary transmission. The extent to which banks change lending in response to monetary policy changes depends on banks’ liquidity, size and refinancing from the central bank.
About the Author
S. A. Zhabina
Moscow state University named after M. V. Lomonosov
Russian Federation
Russian Federation
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Review
For citations:
Zhabina S.A. Econometric Analysis of Bank Lending Channel Efficiency in Russia. Moscow University Economics Bulletin. 2017;(3):61-79. (In Russ.) https://doi.org/10.38050/01300105201734
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