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Reducing Household Spending Is the Main Source of Additional Cash in 2020
[Сокращение Расходов Населения – Основной Источник Дополнительного Объема Наличных В 2020 Г]

Author

Listed:
  • Grebenkina Alina

    (Russian Presidential Academy of National Economy and Public Administration)

  • Drobyshevsky Sergey

    (Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

  • Trunin Pavel

    (Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

Abstract

In 2020, Russia saw a significant increase in the proportion of cash in circulation. The main source of this additional amount of cash was the reduction in household spending, which led to the non-return of cash previously put in circulation for transactions for the purchase of goods and services, as well as keeping of unspent income in cash as a precautionary measure in the face of increasing uncertainty. The article was written on the basis of the RANEPA state assignment research programme.

Suggested Citation

  • Grebenkina Alina & Drobyshevsky Sergey & Trunin Pavel, 2021. "Reducing Household Spending Is the Main Source of Additional Cash in 2020 [Сокращение Расходов Населения – Основной Источник Дополнительного Объема Наличных В 2020 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 4-11, March.
    • Handle: RePEc:gai:recdev:r2126
    as

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    References listed on IDEAS

    as
    1. Goodhart, Charles & Ashworth, Jonathan, 2020. "Coronavirus panic fuels a surge in cash demand," CEPR Discussion Papers 14910, C.E.P.R. Discussion Papers.
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