In the section Articles
Title of the article The Degree of Integration of the Russian Loan Capital Market
Pages 65-89
Author Vladimir Evgenevich Popov
Candidate of Economics, Leading Research Fellow
Economic Research Institute FEB RAS
153 Tikhookeanskaya Street, Khabarovsk, Russia, 680042
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Abstract Based on the cross-section and panel data on key parameters of the loan capital market, interconnection of regional markets in Russia during 2001-2004 has been studied. It has been shown that spatial differentiation of credit interest rates in Russia is not due to restrictions of capital mobility. The reason for regional markets’ differentiation by the interest rate mainly consists in the limited demand mobility. Besides, in the regional loan capital markets interest rate’s deviation from an average Russian level depends on specific conditions of economic management in the regions
Code 336.7
DOI 10.14530/se.2005.4.065-089
Keywords Loan capital ♦ subjects of the Russian Federation ♦ regional markets ♦ interest rate ♦ degree of integration
Download SE.2005.4.065-089.Popov.pdf
For citation Popov V.E. The Degree of Integration of the Russian Loan Capital Market. Prostranstvennaya Ekonomika = Spatial Economics, 2005, no. 4, pp. 65-89. DOI: 10.14530/se.2005.4.065-089. (In Russian).
References 1. Официальный интернет-сайт Центрального банка России. –
2. MacKinnon J. G. Numerical Distribution Functions for Unit Root and Cointegration Test // Journal of Applied Econometrics. 1996. № 11
Financing The article was prepared with the financial support of the grant of the Russian State Scientific Foundation (Project No. 05-02-88201a/T)

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