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Economic Analysis: Theory and Practice
 

An empirical analysis of monetary policy shocks impacting the profits of Russian banks. Part 1

Vol. 17, Iss. 10, OCTOBER 2018

PDF  Article PDF Version

Received: 12 July 2018

Received in revised form: 26 July 2018

Accepted: 10 August 2018

Available online: 31 October 2018

Subject Heading: ANALYSIS OF FINANCIAL CAPITAL

JEL Classification: E52, E58

Pages: 1922–1935

https://doi.org/10.24891/ea.17.10.1922

Shimanovskii D.V. Perm State National Research University, Perm, Russian Federation
Dmitry-Shimanovsky@mail.ru

ORCID id: not available

Subject The article deals with statistical modeling of total profit, being one of the most important integrated indicators of the national banking system.
Objectives The study aims to review domestic and foreign works on the given issue, lay the groundwork for econometric model that will enable to investigate the impact of the 2014 year-end monetary policy shock on profit behavior of the Russian banking system.
Methods The study employs methods of multiple regression and correlation analysis.
Results The singularity of the study resides in the fact that changes in profit are analyzed only within time periods when the national economy was adapting to the monetary policy shocks. Shock impulses are the most important factors increasing the macroeconomic risks for any economic entity. Therefore, the study of financial stability of different branches of economy to changing parameters and instruments of monetary policy is a challenging and relevant field of economic research. The peculiarities of the transmission mechanism in Russia are still poorly explored.
Conclusions Developing the econometric models that describe the mechanism of the impact of State authorities on commercial banks' profits through monetary policy tools is a popular area of scientific research.

Keywords: shock, monetary policy, macroeconomic modeling, profit, credit institution

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