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The effect of the transfer of interest rates in Russia in 2010-2014
[Эффект Переноса Процентных Ставок В России В 2010—2014 Годах]

Author

Listed:
  • Perevyshin, Yuri (Перевышин, Юрий)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Perevyshina, Elena (Перевышина, Елена)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The article is devoted to the study of an important element of the transmission mechanism of monetary policy in Russia in 2010-2014, - transfer effect of interest rates on the interbank market interest rates on deposits and loans of commercial banks. The paper presents theoretical approaches to explain the mechanism of transfer of interest rates, the reasons for its incompleteness, the empirical methods of estimating the effect of the transfer on real data. The results of the econometric estimation of the influence of MIACR on deposit rates of commercial banks in the Russian Federation. The possible reasons for the incomplete pass-rates in the Russian banking sector.

Suggested Citation

  • Perevyshin, Yuri (Перевышин, Юрий) & Perevyshina, Elena (Перевышина, Елена), 2015. "The effect of the transfer of interest rates in Russia in 2010-2014 [Эффект Переноса Процентных Ставок В России В 2010—2014 Годах]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 38-52.
    • Handle: RePEc:rnp:ecopol:ep1557
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    References listed on IDEAS

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    5. Krylova, Elizaveta & Darracq Pariès, Matthieu & Moccero, Diego & Marchini, Claudia, 2014. "The retail bank interest rate pass-through: The case of the euro area during the financial and sovereign debt crisis," Occasional Paper Series 155, European Central Bank.
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    12. repec:bla:econom:v:71:y:2004:i::p:99-123 is not listed on IDEAS
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    Cited by:

    1. Drobyshevsky Sergey & Bozhechkova Alexandra & Trunin Pavel & Sinelnikova-Muryleva Elena, 2017. "The Effect of Interest Rates on Economic Growth," Published Papers ppaper-2017-303, Gaidar Institute for Economic Policy, revised 2017.
    2. Drobyshevsky Sergey & Bozhechkova Alexandra & Trunin Pavel & Sinelnikova-Muryleva Elena, 2017. "The Effect of Interest Rates on Economic Growth," Working Papers wpaper-2017-300, Gaidar Institute for Economic Policy, revised 2017.
    3. Tretyakov, Dmitriy & Fokin, Nikita, 2020. "Помогают Ли Высокочастотные Данные В Прогнозировании Российской Инфляции? [Does the high-frequency data is helpful for forecasting Russian inflation?]," MPRA Paper 109556, University Library of Munich, Germany.

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    More about this item

    Keywords

    Keywords: carry-over effect of the interest rate; the rigidity of interest rates; interest rate policy; interest rate channel; monetary policy;
    All these 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
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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