Estimating the Existence of the Bank Lending Channel in the Russian Federation

• Autorzy: Lúcio Vinhas de Souza

Warianty tytułu

Ocena istnienia i roli kanału kredytów bankowych jako kanału transmisji polityki pieniężnej w Federacji Rosyjskiej

• Języki publikacji: EN

Abstrakty

EN

A panel of annual balance sheet data on 323 Russian banks is used to test for the first time whether lending responses to a change in monetary policy differs, depending on the balance sheet strength of a bank. Only weak signs of that are found for Russian banks. This result implies that the bank lending channel has some, albeit limited, degree of effectiveness in Russia, which may increase in time, with the continued development of the Russian banking system. (original abstract)

W artykule postawiono hipotezę, że różnice w jakości bilansów rosyjskich banków tłumaczą odmienność zmian ich akcji kredytowej w reakcji na impulsy polityki pieniężnej. Uzyskano jedynie słabe przesłanki istnienia takiej zależności dla tych banków. Oznacza to, że kanał kredytów bankowych odgrywa ograniczoną rolę w mechanizmie transmisji impulsów polityki pieniężnej w Rosji. Rola ta może jednak zwiększać się wraz z rozwojem rosyjskiego systemu bankowego. W badaniach wykorzystano dane panelowe dotyczące rocznych danych bilansowych 323 rosyjskich banków.

Słowa kluczowe

EN

Banking system; Bank credit; Monetary policy

PL

System bankowy; Kredyt bankowy; Polityka pieniężna

• Czasopismo: Bank i Kredyt
• Rocznik: 2006
• Numer: nr 9
• Strony: 3--13

Twórcy

autor

Lúcio Vinhas de Souza

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