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Problems of functioning of banks in the context of the financial crisis

Author

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  • Andrey Zotov

    (Bank of Russia, Russian Federation)

Abstract

The beginning of the financial crisis put in front of the banks, first of all, the problem of replacing the resources demanded by customers, which was independently solved by few of them in the conditions of the "collapse" of the financial market. Many banks had to limit lending in order to replenish liquidity, and all funds from repayment of loans were directed to fulfill current obligations. It can be stated that in the fourth quarter of 2008, the growth of the total loan portfolio stopped. In order to maintain overall financial stability, the Bank of Russia implemented a set of monetary policy measures aimed at expanding the opportunities for credit institutions to obtain liquidity from the Bank of Russia to replace retired resources and restore a normal credit cycle

Suggested Citation

  • Andrey Zotov, 2020. "Problems of functioning of banks in the context of the financial crisis," Russian Journal of Money and Finance, Bank of Russia, vol. 1(3), pages 20-24.
    • Handle: RePEc:bkr:journl:v:1:y:2020:i:3:p:20-24
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    More about this item

    Keywords

    Crisis; credit mechanism; liquidity; liquidity replenishment; credit cycle;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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