Anna Saveleva

City: Kazan

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Articles

Development of bank rate policy in Russian Federation

ART 170144

Authors:

Anna Saveleva,

Vladislav Kim,

Svetlana Pirogova

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Development of bank rate theory and its practical application in credit system of Russia at different stages is considered in this article retrospectivly. Three stages of bank rate theory development in the Soviet credit system are presented. The authors describe a transition from administrative formation of interest rates to a market mechanism.

Keywords: interest, interest rate, banking system, credit, loan, usury