Home  Journals  Finance and Credit  29(557) - 2013 August

Concept, types and order of refinancing of banks

Available online: 11 August 2013

Subject Heading: CREDIT AND MONETARY POLICY

JEL Classification: 

One of the most effective instruments of monetary and credit regulation in the countries with the developed market economy is presented. The rate of refinancing of Bank of Russia is one of main the mechanism of implementation of operations of refinancing as the rate depends on it on the main tools of a monetary policy. Tactical targets of change of a rate of refinancing are increase or decrease in the monetary offer. At increase in a rate of refinancing the credit organizations are compelled to reduce loans at the Central bank Russian Federation (as financial resources rise in price) and more actively to place deposits (their placement becomes profitable). By reducing the rate of refinancing should be folded situation is reversed.

Keywords: Bank of Russia, monetary policy, refinancing

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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