Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212547 
Autor:innen: 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 17/2004
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
This paper provides micro and macroeconomic analysis of the economic role of banks in the Russian economy.Using a large panel containing Russian enterprises' balance sheet and income statement data, we evaluate the determinants of bank financing.Econometric model put out the existence of liquidity providing activity of Russian banks.Even though the overall liquidity provision system suffers from certain deficiencies, we demonstrate its importance in the macroeconomic context, using time series econometric analysis. Bank credit appears to be a significant factor in explaining the non-payment dynamics and use of informal financing.Finally, the uncertainty concept helps us to understand the reasons for a limitation of Russian banks in their liquidity providing role.
Schlagwörter: 
liquidity
finance
transition
Russia
uncertainty
banks
inter-enterprise credit
JEL: 
D80
G21
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
951-686-972-6
Dokumentart: 
Working Paper

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