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Foreclosures, Monetary Policy and Financial Stability
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Tsomocos D., Goodhart C., Vardoulakis A. P.
In book
Кн. 1. , М. : Издательский дом ГУ-ВШЭ, 2010
Свирина Е. М., Экономика. Налоги. Право 2014 № 2 С. 60-65
The paper analyzes the worldwide practice of monetary policy in the aftermath of the economic and financial crisis along with specifics of using the central bank tools, and shows the role of financial stability as an external factor to effect the process of meeting the objectives of the monetary policy. ...
Added: May 22, 2018
Dzhagityan E. P., Мировая экономика и международные отношения 2017 Т. 61 № 11 С. 13-23
The author looks into the optimal model of international banking regulation using principles and mechanism of macroprudential policy. Severity of the recent global financial crisis uncovered a series of deficiencies in traditional (microprudential) regulation and triggered a broader and advanced understanding of the regulatory framework while putting on the agenda priorities of interrelationships between micro- ...
Added: June 20, 2017
Khasyanova S. Y., М. : НИЦ Инфра-М, 2015
Monograph by S. Khasyanova «Upgrading Banking Regulation and Supervision in Russia in the line with International Standards» is devoted to the study of the development of banking regulation and supervision in Russia on the basis of international principles and standards. The process of implementation of international principles and standards of banking regulation in the Russian ...
Added: December 16, 2015
Suchkova E. O., Господарчук Г. Г., М. : Русайнс, 2019
В монографии исследованы теоретические, методологические и практические аспекты финансовой стабильности. Разработана методология многоуровневой системы диагностики и регулирования финансовой стабильности. Предложены новые индикаторы рыночной и институциональной финансовой стабильности, а
также критерии качественной оценки финансовой стабильности. Разработаны критерии сбалансированности рыночной и институциональной финансовой стабильности. Предложен механизм формирования Карт рисков и выявления на их основе финансовых дисбалансов межуровневого характера. Предложен аналитический
инструментарий ...
Added: December 16, 2019
Kosov M., Финансы и кредит 2018 Т. 24 № 3 (771) С. 709-721
Subject The article reviews current directions in the monetary and fiscal policies that affect economic processes. It systematizes approaches to organization of financial processes and implementation of measures to stimulate economic growth, which are used by developed countries.
Objectives The study aims to systematize and perform a comparative analysis of focal points of major directions of monetary and ...
Added: August 18, 2021
Господарчук Г. Г., Suchkova E. O., Финансы и бизнес 2020 Т. 16 № 4 С. 24-40
The necessity of providing financial stability testifies the significance of bank's analytical tools that identify the level of debt overhang not only in non-financial corporations and household sectors but in financial corporation sectors. Due to the fact of the main bank position in financial corporations, the research objective is to develop analytical tool that identify ...
Added: July 16, 2021
Столбов М. И., Shchepeleva M., Вопросы экономики 2022 № 11 С. 136-148
An increasing attention has been riveted recently on so called ESG-factors impacting financial stability. This paper provides a systematic review of the empirical studies which assess the impact of environmental (climatic), social factors as well as various aspects related to corporate governance on financial stability. Overall, higher ESG-rankings, both aggregate and in terms of the ...
Added: November 7, 2022
Абрамова М. А., Криворучко С. В., Свирина Е. М., Банковские услуги 2015 № 5 С. 2-9
Приведены мнения экспертов по некоторым дискуссионным вопросам современной государственной денежно-кредитной политики России. Акценты сделаны на анализе целей деятельности Банка России в области денежно-кредитной политики, современного инструментария денежно-кредитного регулирования, вопросов применения режима таргетирования инфляции в России. ...
Added: May 22, 2018
Khasyanova S. Y., , in : History of accounting, business administration doctrines and development of new methods of management in Italy and Russia, 2011. : Milan : Rirea, 2011. P. 129-146.
Authorities of the state regulation, creditors and investors are interested in getting reliable information about the banking sector activities. The procedure of bank financial soundness and accountability evaluation is carried out by supervision authorities as well as by international and national rating agencies. The analysis of the methodologies of bank accountability evaluation and forecasting in ...
Added: November 28, 2012
Suchkova E. O., Мастеровенко К. В., Финансы и кредит 2015 № 38 С. 20-30
The article analyses the creation of a mega-regulator of the financial market in response to the global financial crisis. The focus is on the reform of financial regulation and supervision in Russia, and its first result.The article also suggests areas of the further activity of the mega-regulator. ...
Added: February 19, 2016
Borzykh O., Прикладная эконометрика 2016 Т. 43 № 3 С. 96-117
Implementation of inflation targeting by the Bank of Russia depends on the effectiveness of the chan-nels of monetary policy transmission mechanism. In this article we use a TVP-FAVAR model to examine the bank lending channel. This channel describes the connection between monetary policy impulses and the amount of bank loans that are among the main ...
Added: November 14, 2016
Dzhagityan E. P., Современная мировая экономика 2023 Т. 1 № 4
The article deals with competition in the banking sector shaped by the post-crisis international banking regulation policy, the key objective of which is to ensure financial stability and reduce the risk of future financial crises. Understanding the new phenomena of competition in the international banking area and its relationship with financial stability should help improve ...
Added: March 21, 2024
Dobrynskaya V. V., / Высшая школа экономики. Series WP9 "Исследования по экономике и финансам". 2008. No. 02.
We build a New Keynesian model of a small open economy and analyze the optimal monetary policy assuming symmetric and asymmetric price rigidity. We find that, in the presence of asymmetric price rigidity, inflationary and deflationary shocks should be treated asymmetrically, and the optimal direction of the asymmetry depends on the price rigidity and the ...
Added: March 18, 2013
Свирина Е. М., Криворучко С. В., Банковское дело 2015 № 4 С. 15-20
Inflation targeting implementation is unique in every country, even though it combines same structural elements. The individuality of the regime is expressed in the choice of monetary policy instruments, ways of assessing the economic and inflationary processes, forms of accountability to the government and society, targeting horizon and the desired level of inflation target, as ...
Added: May 22, 2018
Borzykh O., Могилат А. Н., Деньги и кредит 2017 № 9 С. 48-54
The article studies the role of monetary analysis in inflation targeting and Bank of Russia’s monetary policy. We place emphasis on the approaches to inflation monetary risks estimation (these risks are caused by enhanced growth of monetary aggregates). We found out that currently money growth is not a key factor of inflation in Russian economy. ...
Added: August 24, 2017
Напалков В. В., Novak A., Shulgin A. G., Деньги и кредит 2021 № 80(1) С. 3-45
This research analyses regional heterogeneity in the reaction of core inflation to shocks of a single monetary policy on the example of Russia. We use a global vector autoregression model to estimate impulse response functions of core inflation in Russian regions to monetary policy shocks. The average 5-year cumulative response of regional core inflation to ...
Added: March 31, 2021
Dzhagityan E. P., Орехов М. И., Вестник международных организаций: образование, наука, новая экономика 2022 Т. 17 № 3 С. 48-74
The Global Financial Crisis of 2007–2009 followed by sweeping overhaul of international banking regulation urged financial regulators to apply a tailored supervisory regime to global systemically important banks (G-SIBs). This approach was caused by exacerbation of G-SIBs’ systemic risks and their transmission during macro-level instability. The size of G-SIBs, the extent of their market power, ...
Added: June 29, 2022
Zamulin O. A., Sosunov K. A., / ЦЭФИР и РЭШ. Series WP101-1 "Научные труды ЦЭФИР и РЭШ". 2007. No. 101.
The paper studies monetary policy in an economy, in which the manufacturing sector is ousted completely by the presence of a large natural resource industry. Thus, the economy produces only non-tradable goods, which can complement or substitute imported goods, and the primary shock to the economy comes from the ”uctuations in the world price of ...
Added: April 22, 2013
Dzhagityan E. P., Mukhametov O., Финансы: теория и практика 2023 Т. 27 № 6 С. 79-88
In response to the Global Financial Crisis of 2008–2009, international financial regulators tightened the regime of banking supervision in order to minimize systemic risks, strengthen banking sector resilience and ensure financial stability. Given the increased level of credit risks and the issue of liquidity in the banking sector, as well as the role of banks ...
Added: November 11, 2022
Khasyanova S. Y., Вопросы статистики 2020 Т. 27 № 4 С. 97-113
The last decade was characterized by the improvement of the financial systems’ monitoring mechanism at the national and international levels aimed at making effective decisions on financial stabilisation. The purpose of this study is to assess the sustainability of banking sectors of the leading economically developed and developing countries for the period 2009-2018, taking into ...
Added: September 13, 2020
Nikolaeva M., Seregina S., Горизонты экономики 2016 № 6(33) С. 7-24
This article provides an overview of different approaches to defining financial stability,
presented in a modern foreign economic literature and in the publications of Central
banks, as well as examines the main directions of the analysis of this concept. The
article also addresses the missing links in the characteristics of financial stability and
the ways of ...
Added: February 14, 2017
Юдаева К. В., Russian Journal of Money and Finance 2018 Vol. 77 No. 2 P. 95-100
The IMF published in April 2018 the book Advancing the Frontiers of Monetary Policy written by its experts and edited by Tobias Adrian, Douglas Laxton, and Maurice Obstfeld, providing a rare chance to learn the views of people who could be called the architects of inflation targeting. The book deals with practical issues of using ...
Added: April 18, 2022
Khasyanova S. Y., Вопросы статистики 2022 Т. 29 № 5 С. 96-109
The purpose of this study is to investigate how the Covid-19 pandemic affected the stability of Russian banks .To achieve this goal, an economic and statistical analysis of the risk and liquidity indicators of the Russian banking sector for the period 2008-2020 was performed. The analysis was based on the methodology for assessing the financial ...
Added: November 24, 2022
Mamonov M. E., Pestova A., Солнцев О. Г., Вопросы экономики 2011 № 7 С. 79-100
Начиная с 2010 года вопросы развития розничных платежных систем в России стали активно обсуждаться широкой общественностью. Однако оценка возможных макроэкономических эффектов от развития розничных платежных систем в России осталась за рамками последней дискуссии. В нашем исследовании представлена систематизация позитивных эффектов, связанных с развитием безналичных платежей, а также проанализированы ключевые тенденции в замещении наличных средств платежа ...
Added: December 28, 2012