Bank Loan Remains the Main Tool to Maintain Households’ Spending

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018, No. 6, pp. 5-6

2 Pages Posted: 29 May 2019

See all articles by Michael Khromov

Michael Khromov

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Structural Research Laboratory

Date Written: May 2, 2019

Abstract

Households’ bank savings at the turn of 2019 have demonstrated better performance against the last year. The largest share of deposits unlike last year was denominated in foreign currency. In the meantime, brisk recovery of the bank lending on the retail side is ongoing. This strengthens the credit model of the households’ financial behavior.

Keywords: Russian Economy, Bank Loans, Household Spending

JEL Classification: E41, G21, G24, G28

Suggested Citation

Khromov, Michael, Bank Loan Remains the Main Tool to Maintain Households’ Spending (May 2, 2019). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018, No. 6, pp. 5-6. Available at SSRN: https://ssrn.com/abstract=3381615 or http://dx.doi.org/10.2139/ssrn.3381615

Michael Khromov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Structural Research Laboratory ( email )

Moscow
Russia

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