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Am 3. Januar 1992 stellte der Präsident der russischen Föderation den offiziellen Antrag auf Aufnahme in den IMF und die Weltbankgruppe. Bereits seit November 1991 besuchten IMF-Experten Moskau, um mit den russischen Behörden die Wirtschaftspolitik zu besprechen, eine fundierte...
Persistent link: https://www.econbiz.de/10000323678
This Selected Issues paper for the Russian Federation discusses existing empirical efforts to measure the determinants of cross-country financial integration. Empirical studies that have adopted the gravity-model framework have found that it is generally successful in explaining bilateral...
Persistent link: https://www.econbiz.de/10014402693
Macroeconomic developments have been very favorable since early 1999, strengthening in important areas lately. Real GDP has more than recovered from the recession that followed the 1998 crisis and the recovery is gaining momentum, with recent data suggesting that real GDP is growing at an annual...
Persistent link: https://www.econbiz.de/10014402775
exchange market, and Russia’s banking system is still comfortably liquid with overnight interbank rates at the lower end of the …
Persistent link: https://www.econbiz.de/10014402837
The Russian economy has improved after the recession, but recovery is fragile. Executive Directors appreciated the pre-crisis policy of taxing and saving oil revenues in a stabilization fund, which had created significant space for fiscal expansion, monetary easing, and extraordinary liquidity...
Persistent link: https://www.econbiz.de/10014402945
This Selected Issues paper analyzes Russia's growth performance, the recovery in output, factors behind the post …
Persistent link: https://www.econbiz.de/10014404454
Propelled by large terms-of-trade gains, GDP growth has accelerated and is running close to potential. The demand pressures associated with the large terms-of-trade gains are reflected in a fast real appreciation of the ruble, although more of this has come through nominal appreciation during...
Persistent link: https://www.econbiz.de/10014404652
Russia’s large oil and gas reserves play a key role in its economic development. As with many other large oil exporters …, Russia’s energy wealth is also posing numerous challenges to macroeconomic management. Although fiscal policy has saved a …
Persistent link: https://www.econbiz.de/10014404699
This Selected Issues paper for the Russian Federation reviews trends in private capital flows to Russia by decomposing … the flows into its subcomponents. Russia became a net lender to the international banking system, as a complement to the … prolonged period of large current account surpluses. The nonbank corporate sector in Russia began to have better access to both …
Persistent link: https://www.econbiz.de/10014404773
This 2009 Article IV Consultation highlights that the banking system of the Russian Federation is under increasing strain, and private sector credit is contracting. The authorities’ response to the crisis has been swift and substantial, driven by concerns that weaknesses in the banking and...
Persistent link: https://www.econbiz.de/10014406684