Policy papers (in Russian):*

1) Mamonov, M., Pankova, V. , Akhmetov, R., and Pestova, A. (2020). Financial Shocks and Credit Cycles. Russian Journal of Money and Finance [Paper (October 2020) Matlab Code] [doi]

2) Mamonov, M. (2018). “Lending Channel of Monetary Policy in Russia: Microeconomic Estimates for Retail and Corporate Segments of Credit Market,” Journal of the New Economic Association 37, 112–144. [doi]

3) Mamonov, M. (2017). ``Hidden "Holes" in the Capital of Not Yet Failed Banks in Russia: An Estimate of the Scope of Potential Losses,'' Voprosi Ekonomiki 7, 42--61 [doi]

4) Solntsev, O., Pestova, A., and Mamonov, M., and Magomedova, Z. (2011). ``Experience in Developing Early Warning System for Financial Crises and the Forecast of Russian Banking Sector Dynamic in 2012, Journal of the New Economic Association 12, 41--76 [doi]

5) Solntsev, O., Pestova, A., and Mamonov, M. (2010). ``Stress-testing Russian Banking System: Will Banks Need Government Assistance Again?'' Voprosi Ekonomiki 4, 41--68 [doi]

Policy papers (in English):*

1) Mamonov, M. (2020). "Declining Regulatory Forbearance in the Presence of Bank Misreporting: A Quasi-Natural Experiment." [Draft paper (June)]

2) Kostrov, A., and Mamonov, M. (2019). "The Formation of Hidden Negative Capital in Banking: A Product Mismatch Hypothesis." [CERGE-EI Working Paper (March)] [BOFIT Discussion Paper (July)] [Slides (June)]

3) Kiselev, A., Kolesnik, D., Mamonov, M., and Pestova, A. (2021). "Credit Supply Shocks and their Macroeconomic Implications in an Emerging Economy." [Draft paper (June)]

* Note: This section contains the results of numerous policy research projects that I carried out in the interests of the Central Bank of Russia, the Ministry of Economic Development of the Russian Federation, etc., during 2007-2021. The results are published in key Russian journals where people discuss Russia's economic perspectives.