Authors : Selivanova Kseniya Markovna and Ikhsanova Liliana Renatovna
Abstract: Research of possible relations between different monetary policy instruments and financing of the real economy sector is conducted in the study, a role of banking sector in the transmission of impulses of monetary policy of the Bank of Russia using the method of correlation analysis based on the full data set of Russian banks for 2007-2015 years is evaluated. The most efficient monetary policy instruments of the Bank of Russia which are capable to influence the financing of the real economy sector are determined according to the research. Also, the branches of real economy sector which are funded to the great extent by monetary policy instruments providing long-term lending are found. The results obtained confirm the problem of insufficient long-term financing for the purposes of ensuring the development of real economy sector of the Russian Federation and also designates the sources of the problem.
Selivanova Kseniya Markovna and Ikhsanova Liliana Renatovna, 2015. Monetary Policy Instruments of the Bank of Russia in the Interaction of Banking and Real Economy Sectors. International Business Management, 9: 891-894.