Bozhechkova, Alexandra; Trunin, Pavel - In: Russian Economic Developments (2015) 2, pp. 65-67
The key factor in the strengthening of the real exchange rate of the ruble in the 2000s was the transformation based growth of Russia’s economy (the Balassa–Samuelson eff ect) coupled with the improving foreign trade conditions. As can be concluded on the basis of data for Q4 2014, for the...