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The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...
Persistent link: https://www.econbiz.de/10011430898
In 2000 and 2001 Russia faced a puzzle: high world oil prices, while ensuring GDP growth and strong fiscal balance, generated serious problems for domestic monetary and exchange rate policies. The Central Bank was forced to buy excess foreign exchange supply on the market, thereby paving the way...
Persistent link: https://www.econbiz.de/10014117378
В работе анализируется эффективность денежно кредитной политики в стра нах – крупнейших экспортерах нефти с точки зрения стерилизации шоков де нежного...
Persistent link: https://www.econbiz.de/10013098493
Our results demonstrate that over the period in question the CBR employed a variety of intermediary monetary policy targets: interest rates, money supply and balances of the accounts of commercial banks with the Bank of Russia. The diversity of the intermediary targets can be attributed...
Persistent link: https://www.econbiz.de/10013103761
In this paper the authors tried to confirm that in implementing its monetary policy the CBR employed a variety of intermediary targets. These included interest rates, money supply and the balances of the accounts of commercial banks with the CBR
Persistent link: https://www.econbiz.de/10013103871
The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...
Persistent link: https://www.econbiz.de/10013086841
The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...
Persistent link: https://www.econbiz.de/10009687814
The draft Guidelines for the Single State Monetary Policy (hereinafter – the Draft) prepared by the Bank of Russia does not involve significant changes in monetary policy in the upcoming mid-term period. Russian monetary authorities see their main task in maintaining price stability and...
Persistent link: https://www.econbiz.de/10012977075
This paper deals with Russia's monetary policy in 2014. The key developments in Russia's monetary policy in 2014 were determined by adverse processes in the Russian economy, which related to the tense geopolitical situation, massive capital outflow and the decline in the price of energy resources
Persistent link: https://www.econbiz.de/10013012786