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Savings Behaviour Pattern: Forget The Currency

Author

Listed:
  • Michael Khromov

    (Gaidar Institute for Economic Policy)

Abstract

In 2015, the population has turned to the savings pattern. It is reflected among other in the renewal of the savings rate on bank deposits, which was characteristic of 2012–2013 and simultaneous repayment of bank debts. At the same time, prior to December 2015, there was no signifi cant demand for foreign currency and downward trend for cash demand remained.

Suggested Citation

  • Michael Khromov, 2016. "Savings Behaviour Pattern: Forget The Currency," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 45-47, February.
    • Handle: RePEc:gai:recdev:690
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    More about this item

    Keywords

    Banking sector; Russian Economy;

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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