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AN EMPIRICAL ANALYSIS OF RUSSIAN BANKING AND NON-FINANCIAL SECTORS' VULNERABILITY TO POSSIBLE EXTERNAL FINANCIAL SHOCK

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dc.creator Polyakov Egor Nikolaevich
dc.date 2013-06-01T00:00:00Z
dc.date.accessioned 2015-08-12T11:21:34Z
dc.date.available 2015-08-12T11:21:34Z
dc.identifier 2077-1770
dc.identifier 2218-7405
dc.identifier https://doaj.org/article/8eb1067465d64236849cdbb1646f8952
dc.identifier.uri http://evidence.thinkportal.org/handle/123456789/29031
dc.description The article explains to what extent currency mismatch in banking and non-financial sectors determine vulnerability of Russian economy with respect to possible external shock. The authors explain how Central Bank of Russia exchange rate policy depends on currency mismatches and to what extent currency mismatches determined the slowdown of Russian economy during the financial crisis. The article shows the dynamics of currency mismatch from 2004 to 2012 year. The authors offer the model of the relationship between capital flight and external debt of private sector. The authors present the results of stress test of Russian economy. The stress test implies external shock similar to external shock of the end of 2008. According to stress test as of end of 2012 both banking and private sectors are less vulnerable to possible external shock. Meanwhile authors made a conclusion that vulnerability of a private sector remains unacceptably high. The authors recommend 2 ways how to decelerate the currency mismatch of a private sector.
dc.language Russian
dc.publisher Naučno-innovacionnyj Centr
dc.relation https://doaj.org/toc/2077-1770
dc.relation https://doaj.org/toc/2218-7405
dc.rights CC BY-NC-ND
dc.source Sovremennye Issledovaniâ Socialʹnyh Problem , Iss 6 (2013)
dc.subject Education (General)
dc.subject L7-991
dc.subject Education
dc.subject L
dc.subject DOAJ:Education
dc.subject DOAJ:Social Sciences
dc.subject Education (General)
dc.subject L7-991
dc.subject Education
dc.subject L
dc.subject DOAJ:Education
dc.subject DOAJ:Social Sciences
dc.subject Education (General)
dc.subject L7-991
dc.subject Education
dc.subject L
dc.subject Education (General)
dc.subject L7-991
dc.subject Education
dc.subject L
dc.subject Education (General)
dc.subject L7-991
dc.subject Education
dc.subject L
dc.title AN EMPIRICAL ANALYSIS OF RUSSIAN BANKING AND NON-FINANCIAL SECTORS' VULNERABILITY TO POSSIBLE EXTERNAL FINANCIAL SHOCK
dc.type article


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