This work deals with the analysis of classification of the existing theoretical and empirical models describing the factors of establishing reserve currencies, and their role in today’s global payment system. The important part of the study is devoted to the concept of a regional reserve...

This works deals with the analysis and classification of the existing theoretical and empirical models describing the factors of establishing reserve currencies, and their role in today's global payment system. The important part of the study is devoted to the concept of a regional reserve...

This work is devoted to the search for the optimal value of the international reserves of the country. In developed countries with floating exchange rate, the level of reserves in relation to GDP is usually negligible. In developing countries, the level of reserves relative to GDP are generally...

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...

In this paper, authors on the basis of foreign materials analyze the role of the oil and gas sector in the Norwegian economy and reveal its contribution to economic and social development of the country. The authors also give consideration to a method for controlling the oil and gas budget...

The main purpose of the present paper is the evaluation of exchange rate pass-through effect in Russian economy. To achieve this objective the following tasks were fulfilled: • a review of theoretical and empirical models of exchange rate pass-through was conducted; • the extent of...

This article presents an analysis of papers on various aspects of exit strategies from the crisis measures of economic policy. In the literature, there is currently a clear separation of all the measures into two components related to monetary and fiscal areas. Following this separation, the...

Nowadays the problems of financial markets' development in emerging economies attract attention of many researchers. In this study we try to analyze the international experience of theoretical and empirical research in the linkage between the level of financial development and economic growth....

This paper deals with Russia's monetary policy in 2013

Research findings of the impact of the real ruble exchange rate on the economic activity in Russia turned out to be contradictory. Multiple character of connection between the exchange rate and the economic growth is explained by the presence of various channels of impact of the exchange rate on...