Showing 1 - 10 of 1,795
This paper summarizes the IMF advice on the ruble area as it was presented to the national authorities in Russia, the … on the ruble area (and national currencies) changed over time, and hence so did the IMF''s advice, and (ii) from the … advocating a particular one, emphasizing that it was the authorities'' decision to stay in or leave the ruble area. Fund advice …
Persistent link: https://www.econbiz.de/10014399418
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi …: Russia would benefit from a smaller state foot-print, while in Saudi Arabia, unless this is accompanied by structural reforms …
Persistent link: https://www.econbiz.de/10012112123
This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992–December 1995 … ruble area. Over time these flows have been reduced and indirect monetary instruments have become key elements of monetary …
Persistent link: https://www.econbiz.de/10014403317
monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated …
Persistent link: https://www.econbiz.de/10014397790
Persistent link: https://www.econbiz.de/10011317778
Persistent link: https://www.econbiz.de/10011437492
Persistent link: https://www.econbiz.de/10013169888
This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers' ability to grapple with an incomplete and uneven...
Persistent link: https://www.econbiz.de/10013170245
Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...
Persistent link: https://www.econbiz.de/10013170273
We provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). We construct the IAPOC index by analyzing central banks' laws and websites for 50 advanced economies,...
Persistent link: https://www.econbiz.de/10013170321