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10171
07.12.2020
outcome of the interaction between the Bank of Russia and lenders with their corporate restructuring programmes.
More details are available in the Bank of Russia
position of the Bank of Russia.
Introduction | Debt Burden 2
How to Measure Debt Burden of the Economy?
§ Stock of Debt / Assets
§ Stock of Debt
Remarks
Determinants of the credit cycle: a flow analysis of
the extensive margin
Vincenzo Cuciniello Nicola di Iasio
Bank of Italy ECB
Bank of Russia
Discussion of “Measuring the Debt Service Ratio in Russia: Micro-Level Data Approach” by Anna Burova
do not necessarily represent those of the Central Bank of Argentina
2
Banco Central de la Repblica Argentina
Discussion of Burova (2020) What the paper
end of 2019
- Total number of banks is 402
- Top 5 banks count for:
- 60% of all banking sector assets,
- 60% of deposits,
- 70% of
and banks
— coverage of most countries/banks evidence of supervision avoidance
Identification of MP shocks
— high-frequency
— variation within union/country deviation of i from desired
10178
07.12.2020
Ponomarenko, Bank of Russia
Determinants of the credit cycle: A flow analysis of the extensive margin
Vincenzo Cuciniello and Nicola di lasio
Bank of Italy
of the authors and do not necessarily reflect the
official position of the Bank of Russia.
What this paper does 2
• Estimates a set of