Home  Journals  Financial Analytics: Science and Experience  3(15) – 2009 March

Ontology of the banking crisis in Russian economy and ways to struggle with it

Available online: 18 August 2009

Subject Heading: Financial crisis

JEL Classification: 

In conditions of devaluation the Ruble equivalent of the net foreign debt is increased proportionally to growth of market value of the corresponding currency of the debt. Banks started buying foreign currency actively trying to close the currency position and get rid of the increasing of debt load. This was the cause that warmed up the foreign exchange market provoked the further decrease of exchange rate of Ruble and increase of relative debt of the banking industry to foreign financial institutes. These and other aspects are considered thoroughly in the suggested article.

Keywords: short-term, industry, dynamics, borrowing, devaluation, crisis, currency, volume, load, market

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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