Template-Type: ReDIF-Paper 1.0

Author-Name: Alexey Ponomarenko
Author-Email: PonomarenkoAA@cbr.ru
Author-Workplace-Name: Bank of Russia, Russian Federation

Author-Name: Anna Krupkina
Author-Email: 
Author-Workplace-Name: Bank of Russia, Russian Federation



Title: Deposit dollarization and national currency depreciation in Russia and Kazakhstan

Abstract: In 2014-2015, bank deposit dollarization in Kazakhstan outpaced that in Russia
despite a smaller scale depreciation of the national currency. The fixed exchange rate
regime, the passive interest rate policy, and the initially higher dollarization level could
be conducive to the process.

Length: 6 pages
Creation-Date: 2016-02
Revision-Date:
Publication-Status:
File-URL: http://www.cbr.ru/Content/Document/File/87600/analytic_note_1_e.pdf
File-Format: Application/pdf
File-Function:
Number: note1
Classification-JEL: 
Keywords: 
Handle:RePEc:bkr:wpaper:note1