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Author: M. Nikolic Publisher: Springer ISBN: 023051233X Category : Business & Economics Languages : en Pages : 172
Book Description
This book explores the disastrous economic consequences of pseudo lending for pseudo reforms that occurred when the IMF, as a representative of the West, pretended to aid the transition economy of post-communist Russia through stabilization while the Russian government promised reforms.
Author: M. Nikolic Publisher: Springer ISBN: 023051233X Category : Business & Economics Languages : en Pages : 172
Book Description
This book explores the disastrous economic consequences of pseudo lending for pseudo reforms that occurred when the IMF, as a representative of the West, pretended to aid the transition economy of post-communist Russia through stabilization while the Russian government promised reforms.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1463904843 Category : Business & Economics Languages : en Pages : 90
Book Description
This note focuses on Russia's monetary policy, which is moving toward low and stable inflation. This paper discusses two analytical measures to analyze the monetary policy—core inflation measure and a group of leading indicators model (LIM). The trimmed mean core inflation is a good indicator for analyzing trend inflation and can be used as a viable target for monetary policy. LIMs are widely used for inflation forecasting and are also useful in detecting turning points in inflation.
Author: International Monetary Fund Publisher: INTERNATIONAL MONETARY FUND ISBN: 9781451833140 Category : Languages : en Pages : 129
Book Description
This Selected Issues paper analyzes the entrenched inflation in Russia. It presents a possible explanation for the entrenched inflation stating that the Russian economy is facing increasing supply-side constraints in goods and labor markets. The paper focuses on measuring the performance of fiscal policy in Russia. It examines capital structures and vulnerabilities for the corporate sector in Russia. Recent developments and remaining challenges for the Russian banking sector are analyzed. Terms of trade and economic growth in the Former Soviet Union are also discussed.
Author: Steve H. Hanke Publisher: Routledge ISBN: 1134863691 Category : Business & Economics Languages : en Pages : 260
Book Description
As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.
Author: Akram Esanov Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the Bank of Russia reacts to changes in inflation, the output gap and the exchange rate in a consistent and predictable manner. Our results indicate that, during the period from 1993 to 2004, the Bank of Russia used monetary aggregates as the main policy instrument. Some estimations provide evidence that the Bank of Russia was more concerned with reducing inflation before 1995, while the priorities shifted towards exchange rate stabilization after 1995.
Author: Alexandra Bozhechkova Publisher: ISBN: Category : Languages : en Pages : 5
Book Description
On 30 April 2015, the Bank of Russia reduced the key interest rate from 14% to 12.5% per annum, noting in this connection that the inflation risks had become less pronounced, but that the risks of a more significant cooling of the economy were still there. By all indications, the RF Central Bank believes that any further strengthening of the ruble can hardly be feasible. On 14 May, the RF Central Bank announced that it would once again resort to interventions in the form of foreign exchange purchases in order to replenish its international reserves in the amount of $ 100m-200m per day. Over April 2015, the Consumer Price Index's growth amounted to 0.5% (vs. 0.9% in April 2014.), which is 0.7 pp. below its March 2015 level. As a result, the inflation index in April 2015 amounted to 16.4% of its April 2014 level, thus having declined for the first time since July 2014. Over the first 25 days of May 2015, the Consumer Price Index's growth rate dwindled to 0.3%.
Author: William Russell Easterly Publisher: World Bank Publications ISBN: Category : Economic stabilization Languages : en Pages : 46
Book Description
Stabilization of inflation during Russia's macroeconomic crisis will be a race between the authorities' willingmess and ability to tighten monetary and fiscal policy and the adjustment of enterprises and households to existing inflation.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451832966 Category : Business & Economics Languages : en Pages : 86
Book Description
This paper describes economic developments in the Russian Federation during 1995–96. It reviews trends in the domestic economy. It describes developments in the public finances, monetary policy, financial sector, and the external sector. The paper highlights that the output decline slowed to 4 percent in 1995, the smallest decline since the beginning of the transition. The decline accelerated to 6 percent in 1996, with lower investment—generally attributed to the uncertainty associated first with the presidential elections and subsequently with the President’s health being a major source of the decline.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: 1513568752 Category : Business & Economics Languages : en Pages : 74
Book Description
Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical response to the crisis, which has helped limit the economic downturn. Nevertheless, the crisis is likely to leave some long-term scars.
Author: M. Nikolic
Author: M. Nikolic
Author: Marek Dąbrowski
Author: International Monetary Fund
Author: International Monetary Fund
Author: Steve H. Hanke
Author: Akram Esanov
Author: Alexandra Bozhechkova
Author: William Russell Easterly
Author: International Monetary Fund
Author: International Monetary Fund. European Dept.