Template-Type: ReDIF-Article 1.0
Author-Name:Bozhechkova Alexandra
Author-Name-First: Alexandra 
Author-Name-Last:Bozhechkova 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Trunin Pavel
Author-Name-First: Pavel 
Author-Name-Last:Trunin 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Author-Name:Sinelnikova-Muryleva Elena
Author-Name-First: Elena 
Author-Name-Last:Sinelnikova-Muryleva 
Author-Workplace-Name: RANEPA 
Author-Name:Petrova Diana
Author-Name-First: Diana 
Author-Name-Last:Petrova 
Author-Workplace-Name: RANEPA 
Author-Name:Chentsov Alexander 
Author-Name-First: Alexander 
Author-Name-Last:Chentsov 
Author-Workplace-Name: RANEPA 
Title: Building of monetary and currency markets models
Abstract: The paper provides the estimation of stable long-run and short-run
functions of the demand for money in Russia and determines the
factors affecting the demand for money in Russia. The endogenous
nature of money supply in Russia after the global financial crisis
due to the gradual change in the monetary policy regime and the
transition to flexible exchange rate formation and inflation targeting
were revealed in the paper. In addition, the paper investigates
the hypothesis of interest parity, taking into account the degree of
openness of the economy. 

Classification-JEL: C32; C33; E41; E51; F41
Keywords:  Russian economy, monetary markets models, currency markets models, money demand, money supply
Year: 2018
Issue:175P
Month: 
Pages: 96 pages
File-URL: https://iep.ru/files/RePEc/gai/rpaper/rpaper-2018-175P-910.pdf
File-Format: application/pdf
File-Function: Revised version, 2018
Handle: RePEc:gai:rpaper:rpaper-2018-175P-910