Innovations in the sphere of cash payments and the demand for money in Russia

The press service of the Gaidar Institute reports that in the series "Scientific Works" there was prepared a new Institute's research (№ 157) "Innovations in the sphere of cash payments and the demand for money in Russia". (M: Publishing house of the Gaidar Institute 2012. - 224 p.). Author: E. Sinelnikova-Muryleva.

The work is devoted to the analysis of money demand in Russia in the period from 1995 to 2010, including the question about does the use of payment cards by the people in Russia seriously affecton the demand for cash. The results indicate that monetary aggregate M1 can be used as a tool for conducting monetary policy.