The Degree of Integration of the Russian Loan Capital Market
Based on the cross-section and panel data on key parameters of the loan capital market, interconnection of regional markets in Russia during 2001-2004 has been studied. It has been shown that spatial differentiation of credit interest rates in Russia is not due to restrictions of capital mobility. T...
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| Format: | Article |
| Language: | Russian |
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Economic Research Institute of the Far East Branch of the Russian Academy of Sciences
2005-12-01
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| Series: | Prostranstvennaâ Èkonomika |
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| Online Access: | http://spatial-economics.com/eng/arkhiv-nomerov/2005/77-2005-4/56-se-2005-4-065-089 |
| Summary: | Based on the cross-section and panel data on key parameters of the loan capital market, interconnection of regional markets in Russia during 2001-2004 has been studied. It has been shown that spatial differentiation of credit interest rates in Russia is not due to restrictions of capital mobility. The reason for regional markets’ differentiation by the interest rate mainly consists in the limited demand mobility. Besides, in the regional loan capital markets interest rate’s deviation from an average Russian level depends on specific conditions of economic management in the regions |
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| ISSN: | 1815-9834 2587-5957 |