Since 2014
The Russian Landing Rate, Central Bank’s Policy Related Rate and Intermediation Premium
Journal of Eastern European and Central Asian Research
View Archive Info| Field | Value | |
| Title |
The Russian Landing Rate, Central Bank’s Policy Related Rate and Intermediation Premium
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| Creator |
Nguyen, Chu V.; Marilyn Davies College of Business University of Houston-Downtown LeBon, Caroline; Marilyn Davies College of Business University of Houston-Downtown, TX Miller, Stephen; Marilyn Davies College of Business University of Houston-Downtown, TX Lloyd, Cynthia B.; Marilyn Davies School of Business of the University of Houston-Downtown, TX |
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| Subject |
banking, finance, economics
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| Description |
This paper illustrates asymmetries in the Russian intermediation premium as measured by the spread between the commercial lending rate and the Central Bank’s policy related rate. Empirical results have shown that the Russian intermediation premium adjusts to the threshold faster when the Central Bank’s policy related rates increase relative to lending rates as opposed to when the Central Bank’s policy related rates move in the opposite direction. The findings of this paper suggest that during the period when the Russian Federation faced formidable challenges from a sharp decline in oil prices and reduced access to international capital markets due to Western sanctions, the Central Bank of Russia was not effective in utilizing countercyclical monetary policy to achieve macroeconomic objectives and commercial banks exhibited predatory pricing behavior.
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| Publisher |
Institute of Eastern Europe and Central Asia
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| Date |
2017-04-23
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| Type |
info:eu-repo/semantics/article
Peer-reviewed Articles info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
http://ieeca.org/journal/index.php/JEECAR/article/view/155
10.15549/jeecar.v4i1.155 |
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| Source |
Journal of Eastern European and Central Asian Research (JEECAR); Vol 4, No 1 (2017): Journal of Eastern European and Central Asian Research; 12
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| Language |
eng
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| Relation |
http://ieeca.org/journal/index.php/JEECAR/article/view/155/pdf_1
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| Rights |
The JEECAR journal allows the author(s) to hold the copyright and publishing rights of their own manuscript without restrictions.This journal applies the Creative Common Attribution Share Alike Licence to works we publish, and allows reuse and remixing of its content, in accordance with a CC-BY license.Authors are free to: Share — copy and redistribute the material in any medium or format and Adapt — remix, transform, and build upon the material for any purpose, even commercially. Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. No additional restrictions — Author may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.The JEECAR Journal is committed to the editorial principles of all aspects of publication ethics and publication malpractice as assigned by the Committee on Public Ethics.
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