Home  Journals  Financial Analytics: Science and Experience  32(218) - 2014 August

Depositary auctions in 2013

Available online: 19 August 2014

Subject Heading: BANKING SECTOR

JEL Classification: 

Pages: 46-53

Based on the statistical data, the article demonstrates that an unexpected growth of borrowings at the depositary auctions in the autumn of 2013, which have been conducted mostly by the Russian Federal Treasury, was the result of both the previous borrowings and liquidity shortages in the bank system. Two regression models of the short-term money demand on behalf of the banks verify the results of the performed financial analysis.

Keywords: money auction, liquidity crisis, regression model, demand, money

References:

1. Gromping U. Estimators of Relative Importance in Linear Regression Based on Variance Decomposition. The American Statistician, 2007, vol. 61, no. 2, pp. 139–147.
2. Pindyck R., Rubinfeld D. Econometric Models and Economic Forecasts. New York, McGraw-Hill, 1991, 634 p.
3. Slutskin L.N. Kurs MBA po prognozirovaniyu v biznese [MBA program for business forecasting]. Moscow, Al'pina Biznes Buks Publ., 2006, 277 p.

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ISSN 2311-8768 (Online)
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