Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1003265 | Research in International Business and Finance | 2006 | 14 Pages |
Abstract
The paper provides an indirect inquiry on the transmission mechanism of monetary policy in Russia for the period of 1995-2004 by looking at the nature of money supply in the country. The findings support endogenous nature of money supply with two sources of endogeneity characterising transition economy. This implies that interest rate management might be a better policy instrument for the Bank of Russia. Inflation is found to be the cause of money supply growth, which supports the endogenous money supply view.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Yulia Vymyatnina,