IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2015i26p219-225.html

Financial Crisis 2014-2015

Author

Listed:
  • Dubinin, S.

    (Supervisory Council JSC VTB Bank, Lomonosov Moscow State University, Moscow, Russia)

Abstract

The article provides the analysis of internal and external economic factors of the priorities' choice of the Russian authorities and Russian Central Bank (CBR) anti-crisis measures. It considers the financial crisis period of 2014-2015. The comparative study of the typical descriptions of each Russian crisis, as well as their common nature are under special analysis. Financial and economic crises became the regular phenomenon of Russian economy during last two decades. The development of the system of anti-crisis measures in Russia is typical for present global economy. It includes the nonconventional monetary policy instruments of the central banks. Simultaneously the author researches the role of so-called "Manual Control" practice as a national synonym for "dirigisme policy". The target of that approach is to resolve the national financial system problems. It aims for the financial challenges in general and the banking system in particular. The methods of investment process stimulation in Russian economy are under consideration.

Suggested Citation

  • Dubinin, S., 2015. "Financial Crisis 2014-2015," Journal of the New Economic Association, New Economic Association, vol. 26(2), pages 219-225.
    • Handle: RePEc:nea:journl:y:2015:i:26:p:219-225
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2015-26-219-225r.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. A. Kudrin & E. Gurvich., 2014. "A New Growth Model for the Russian Economy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
    2. Virginia Skidmore Rutledge & Michael Moore & Mr. Marc C Dobler & Wouter Bossu & Nadège Jassaud & Ms. Jianping Zhou, 2012. "From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions," IMF Staff Discussion Notes 2012/003, International Monetary Fund.
    3. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    4. Kotaro Ishi & Mr. Kenji Fujita & Mr. Mark R. Stone, 2011. "Should Unconventional Balance Sheet Policies Be Added to the Central Bank toolkit? a Review of the Experience so Far," IMF Working Papers 2011/145, International Monetary Fund.
    5. Virginia Skidmore Rutledge & Michael Moore & Marc C Dobler & Wouter Bossu & Nadège Jassaud & Jianping Zhou, 2012. "From Bail-out to Bail-in; Mandatory Debt Restructuring of Systemic Financial Institutions," IMF Staff Discussion Notes 12/03, International Monetary Fund.
    6. Claudio Borio & Anna Zabai, 2018. "Unconventional monetary policies: a re-appraisal," Chapters, in: Peter Conti-Brown & Rosa M. Lastra (ed.), Research Handbook on Central Banking, chapter 20, pages 398-444, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. N. N. Mikheeva, 2020. "Economic Dynamics of Russian Regions: Crises and Ways to Restore Growth," Regional Research of Russia, Springer, vol. 10(1), pages 1-9, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. KAMKOUM, Arnaud Cedric, 2023. "The Federal Reserve’s Response to the Global Financial Crisis and its Effects: An Interrupted Time-Series Analysis of the Impact of its Quantitative Easing Programs," Thesis Commons d7pvg, Center for Open Science.
    2. Agnieszka Trzcinska, 2015. "The Impact of the New Resolution Regime on Public Support to Banks (Udzial sektora publicznego w kosztach ratowania bankow w swietle nowych przepisow w zakresie restrukturyzacji i uporzadkowanej likwidacji)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 13(55), pages 120-133.
    3. Conlon, Thomas & Cotter, John, 2014. "Anatomy of a bail-in," Journal of Financial Stability, Elsevier, vol. 15(C), pages 257-263.
    4. Yilmaz Akyüz, 2014. "Internationalization of Finance and Changing Vulnerabilities in Emerging and Developing Economies," UNCTAD Discussion Papers 217, United Nations Conference on Trade and Development.
    5. repec:ecb:ecbdps:20187 is not listed on IDEAS
    6. Leonardo Gambacorta & Boris Hofmann & Gert Peersman, 2014. "The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross‐Country Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(4), pages 615-642, June.
    7. repec:rza:wpaper:755 is not listed on IDEAS
    8. Arnaud Cedric Kamkoum, 2023. "The Federal Reserve's Response to the Global Financial Crisis and Its Long-Term Impact: An Interrupted Time-Series Natural Experimental Analysis," Papers 2305.12318, arXiv.org.
    9. Maria Teresa Bianchi, 2018. "The Balance between Exceptional Cases and the Risk of Fake: An Ever Present Theme," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(2), pages 245-245, January.
    10. Mr. Daniel C Hardy, 2013. "Bank Resolution Costs, Depositor Preference, and Asset Encumbrance," IMF Working Papers 2013/172, International Monetary Fund.
    11. Mr. Giovanni Dell'Ariccia & Caio Ferreira & Nigel Jenkinson & Mr. Luc Laeven & Alberto Martin & Ms. Camelia Minoiu & Alex Popov, 2018. "Managing the Sovereign-Bank Nexus," IMF Departmental Papers / Policy Papers 2018/016, International Monetary Fund.
    12. Andrieş, Alin Marius & Ongena, Steven & Sprincean, Nicu & Tunaru, Radu, 2022. "Risk spillovers and interconnectedness between systemically important institutions," Journal of Financial Stability, Elsevier, vol. 58(C).
    13. Lorenzo Pandolfi, 2022. "Bail-in and Bailout: Friends or Foes?," Management Science, INFORMS, vol. 68(2), pages 1450-1468, February.
    14. Thomas Conlon & John Cotter, 2019. "Subordinate Resolution ‐‐ An Empirical Analysis of European Union Subsidiary Banks," Journal of Common Market Studies, Wiley Blackwell, vol. 57(4), pages 857-876, July.
    15. Zakaria Moussa, 2016. "How big is the comeback? Japanese exchange rate pass-through assessed by time-varying FAVAR," Post-Print hal-03714934, HAL.
    16. Niall Ferguson & Andreas Schaab & Moritz Schularick, 2015. "Central Bank Balance Sheets: Expansion and Reduction since 1900," CESifo Working Paper Series 5379, CESifo.
    17. Götz, Martin & Krahnen, Jan Pieter & Tröger, Tobias, 2017. "Five years after the Liikanen Report: What have we learned?," SAFE White Paper Series 50, Leibniz Institute for Financial Research SAFE.
    18. Alexis Derviz, 2016. "Credit Constraints and Creditless Recoveries: An Unsteady State Approach," Working Papers 2016/10, Czech National Bank, Research and Statistics Department.
    19. M. Ayhan Kose & Peter S. O. Nagle & Franziska Ohnsorge & Naotaka Sugawara, 2020. "Can This Time Be Different? Policy Options in Times of Rising Debt," Koç University-TUSIAD Economic Research Forum Working Papers 2008, Koc University-TUSIAD Economic Research Forum.
    20. Marc Sanchez-Roger & María Dolores Oliver-Alfonso & Carlos Sanchís-Pedregosa, 2018. "Bail-In: A Sustainable Mechanism for Rescuing Banks," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    21. Martina Cecioni & Giuseppe Ferrero & Alessandro Secchi, 2018. "Unconventional Monetary Policy in Theory and in Practice," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman & A G Malliaris (ed.), Innovative Federal Reserve Policies During the Great Financial Crisis, chapter 1, pages 1-36, World Scientific Publishing Co. Pte. Ltd..
    22. Götz, Martin R. & Tröger, Tobias, 2016. "Should the marketing of subordinated debt be restricted/different in one way or the other? What to do in the case of mis-selling?," SAFE White Paper Series 35, Leibniz Institute for Financial Research SAFE.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2015:i:26:p:219-225. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.