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Finance and Credit
 

Interaction of loan market and economic growth

Vol. 19, Iss. 46, DECEMBER 2013

Available online: 23 December 2013

Subject Heading: Financial policy

JEL Classification: 

Ivanchenko I.S. Doctor of Economics, Professor of the Department of Financial and Economic Engineering, the Rostov State Economic University
ivanchenko_is@mail.ru

In the article relationship of cause and effect between a level of development of the loan market and economic growth is analyzed, the literature review on this subject is provided, results of author's statistical calculations are described. The conclusion is drawn that in Russia macroeconomic variables of real sector of economy define a tendency of development of the loan market, and not the reverse, as it occurs in the majority of developing countries.

Keywords: loan market, real sector of economy, economic growth.

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

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