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Innovations in the sphere of payments and the money demand in Russia

Author

Listed:
  • Elena Sinelnikova-Muryleva

    (Gaidar Institute for Economic Policy)

Abstract

This publication deals with the money demand in Russia from 1995 through 2010. Specifi cally, the work addresses the issue whether the use of payment cards has a signifi cant impact on the money demand. The results indicate that the monetary aggregate M1 can be a tool in conducting monetary policy.

Suggested Citation

  • Elena Sinelnikova-Muryleva, 2011. "Innovations in the sphere of payments and the money demand in Russia," Research Paper Series, Gaidar Institute for Economic Policy, issue 157P.
  • Handle: RePEc:gai:rpaper:64
    as

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    File URL: http://www.iep.ru/files/RePEc/gai/rpaper/64Sinelnikova.pdf
    File Function: Revised version, 2012
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    payments; money demand; Russia; monetary policy;

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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