Beck, Roland; Barnard, Geoff - Economics Department, Organisation de Coopération et … - 2009
reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the …In the years preceding the onset of the global financial crisis, the Central Bank of Russia (CBR) had two goals: to … interventions which were only partially sterilised. As a result, inflation remained persistently high. During the global financial …