TY  - JOUR
TI  - Modeling Activity of the Russian Banking Sector
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - mathematical modeling of economics
KW  - Russian banking system
KW  - credit issue
KW  - liquidity
AB  - In this article comparatively simple and verisimilar description of functioning of modern Russian banking system that could be used in a model of intertemporal equilibrium is presented. This description couldn’t be replaced by simple proportions like money multipliers.The rational expectations model of the banking system on basis of econometric analysis of moving of the main types of financial instruments in the banking system is formulated. One part of obtained econometric correlations is used as restrictions, and the rest correlations are explained by the model.The model successfully reproduces the reaction of the banking system on unexpected events, so as for example a sizable sale of assets or the world financial crisys.
AU  - Michael Andreev
AU  - Nikolay Pilnik
AU  - Igor Pospelov
UR  - https://ej.hse.ru/en/2009-13-2/26547153.html
PY  - 2009
SP  - 143-171
VL  - 13