This paper examines the impacts of the 2005 shift in Russian exchange rate policies from single-currency to bi-currency basket targeting on domestic interest rates and sovereign risk premium dynamics. The policy shift disconnected domestic interest rates from US dollar-denominated interest...

In recent years the discussion of the role played by reserve currencies in the world economy has reached a new level. Problems caused by the domination of a single reserve currency have not yet been resolved and it remains unclear when and how they will be solved in the future. At the same time,...

During the post-Soviet period of 1992-98, the monetary policy of the Bank of Russia was essentially exchange rate-oriented due to overall economic and financial instability combined with hyperinflation (1992-94) and high inflation (1995-98). An exchange rate corridor system was introduced in...

This paper explores the dynamics of corporate finance during the early stages of industrial growth by examining a newly constructed panel database of Imperial Russian industrial corporations' balance sheets. We document large differences in financial strategies and outcomes across industries,...

The paper analyses the macroeconomic stabilization process in Russia, the Ukraine and Kasakhstan (CIS-3). It starts with a classification of different stabilization approaches that were adopted in the last 20 years. It shows that the Fund programs that were suggested for the CIS-3 for 1995 can...

Russia Ukraine war has led to supply chain shock globally. The Indian political establishment had a tough time balancing the Russia and West. The paper explores the impact of Russia Ukraine war on Indian Rupee US Dollar exchange rate. Secondary data is used for the study. Rupee exchange rate of...

This study examines the dynamics of the Russian currency against the US dollar, exploring its responses to geopolitical risk, domestic policies, and oil and gas price shocks. Based on our quantile and time-frequency analyses from January 1998 to July 2022, focused on a subsample that covers the...

Russian exchange rate policy has changed significantly over the past decades, which was manifested, among other things, in amount of use of certain policy instruments, depending on the exchange rate regime. The results of quantitative analysis show that during the period of inflation targeting,...