Andreev, M.; Pil'nik, N.; Pospelov, I. - In: Journal of the New Economic Association (2009) 3-4, pp. 72-96
An econometric analysis of modern Russian banking system is carried out. A set of discovered relations was used as constraints in a mathematical model of banking system under the assumption of rational expectation (perfect foresight) of agents. A strong turnpike property is found: agents'...