Dreger, Christian; Kholodilin, Konstantin - In: DIW Economic Bulletin 5 (2015) 44, pp. 587-591
The Russian economy is tightly woven into the global economy, and is therefore highly dependent on the development of exchange rates. Since 2014, the ruble has fallen by more than 50 percent against the US dollar. The devaluation goes hand in hand with the Western sanctions that were imposed due...