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Description of Liquidity Needs on the Part of the Russian Banking System Based on the Statistics of Turnovers

Author

Listed:
  • Dedova, M.

    (National Research University Higher School of Economics, Moscow, Russia)

  • Pilnik, N.

    (National Research University Higher School of Economics, Moscow, Russia
    CC RAS, Moscow, Russia)

  • Pospelov, I.

    (CC RAS, Moscow, Russia)

Abstract

The article contains the description of liquidity needs of banks based on statistical balances and turnover subaccounts of Russian banking system. Initial accounts combined into 35 units (which include loans and deposits by macroeconomic agents) are ranked by the rate of turnover. Based on this classification, there is a group of units that characterize the level of liquidity in the banking system. It is shown that the use of information about the turnover of aggregates can significantly extend the class of models, describing the needs of banking system for liquidity. The model is calibrated on monthly data from January 2007 to June 2013. Previously observed regularity, linking volume of loans granted by the banking system and accepted deposits, can be explained by balancing units having turnover rate of the same order.

Suggested Citation

  • Dedova, M. & Pilnik, N. & Pospelov, I., 2014. "Description of Liquidity Needs on the Part of the Russian Banking System Based on the Statistics of Turnovers," Journal of the New Economic Association, New Economic Association, vol. 24(4), pages 87-109.
    • Handle: RePEc:nea:journl:y:2014:i:24:p:87-109
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    References listed on IDEAS

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    More about this item

    Keywords

    higher education; university; reform; education bubble;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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