Evolution Of Monetary Policy Instruments In Russia


Evolution Of Monetary Policy Instruments In Russia
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Evolution Of Monetary Policy Instruments In Russia


Evolution Of Monetary Policy Instruments In Russia
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Author : Mr.David S. Hoelscher
language : en
Publisher: International Monetary Fund
Release Date : 1997-12-01

Evolution Of Monetary Policy Instruments In Russia written by Mr.David S. Hoelscher and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-12-01 with Business & Economics categories.


This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992–December 1995. Special attention is given to the role of monetary policy instruments. Initially, policy was completely dominated by flows of credit from the Central Bank of the Russian Federation (CBR) to the budget, to enterprises, and to other republics in the ruble area. Over time these flows have been reduced and indirect monetary instruments have become key elements of monetary policy implementation



Evolution Of Monetary Policy Instruments In Russia


Evolution Of Monetary Policy Instruments In Russia
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Author : Tomás Baliño
language : en
Publisher:
Release Date : 2006

Evolution Of Monetary Policy Instruments In Russia written by Tomás Baliño and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.


This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992-December 1995. Special attention is given to the role of monetary policy instruments. Initially, policy was completely dominated by flows of credit from the Central Bank of the Russian Federation (CBR) to the budget, to enterprises, and to other republics in the ruble area. Over time these flows have been reduced and indirect monetary instruments have become key elements of monetary policy implementation.



Russian Federation Selected Issues


Russian Federation Selected Issues
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Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2007-10-23

Russian Federation Selected Issues written by International Monetary Fund and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10-23 with categories.


This Selected Issues paper on the Russian Federation underlies inflation persistence and evolution in response to structural shocks. Inflation in Russia has been characterized by a considerable degree of persistence. An explicit inflation-targeting framework may help reduce firms' uncertainty about the future. This, in turn, may allow firms to be more forward-looking, thereby reducing persistence. The exchange rate is the Central Bank of Russia's (CBR) main policy instrument for controlling inflation. Allowing more nominal appreciation would help to keep inflation on a downward path and better anchor inflation expectations.



Monetary Policy Rules For Russia


Monetary Policy Rules For Russia
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Author : Akram Esanov
language : en
Publisher:
Release Date : 2006

Monetary Policy Rules For Russia written by Akram Esanov and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.


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.



Payment Systems In Russia


Payment Systems In Russia
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Author :
language : en
Publisher:
Release Date : 2003

Payment Systems In Russia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Banks and banking categories.




Financial Markets Evolution


Financial Markets Evolution
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Author : Galina Panova
language : en
Publisher: Springer Nature
Release Date : 2021-06-07

Financial Markets Evolution written by Galina Panova and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-07 with Business & Economics categories.


Influenced by technological innovation, banks and their businesses are changing dramatically. This book explores the transformation and prospects of financial market institutions (banks, insurance companies, pension funds and microfinance organizations) in the context of the development of financial innovation, financial engineering and financial technologies, taking into account risks and new opportunities for development. It presents new approaches to the sustainable development of financial and credit institutions, taking into account the risk management and crisis management of their activities in the macro and microeconomic environment. Contributors from Russia, Kazakhstan, Azerbaijan, Mongolia, Ireland and Italy present their expert opinions on the practice of financial intermediaries in the conditions of economic transformation under the influence of the 4th Industrial Revolution and the Covid-19 pandemic. This book includes some of the key debates in this area including the genesis of financial markets in the paradigm of economic digitalization, the evolution of financial intermediaries from the classical model to the ecosystem, and the regulation of neo-banks. The book will be of interest to academics and practitioners in various spheres of theoretical and empirical knowledge, including economics, finance and banking, who are interested in investigation of the complex of fundamental (international and domestic) trends in the development of financial intermediation in the globalized financial markets.



The Changing Governance Of Renewable Natural Resources In Northwest Russia


The Changing Governance Of Renewable Natural Resources In Northwest Russia
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Author : Soili Nysten-Haarala
language : en
Publisher: Routledge
Release Date : 2016-04-01

The Changing Governance Of Renewable Natural Resources In Northwest Russia written by Soili Nysten-Haarala and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-01 with Science categories.


Bringing together scholars of human geography, environmental sociology, law, economics and international policy from Finland, Russia, Sweden and Germany, this book examines how local communities and enterprises adjust to transition and institutional changes in Northwest Russia. A unique and important facet of the book is that it analyzes the law and legal institutions, focusing on how those involved in law use or abuse it, in relation to unofficial institutions and the interplay of different interest groups in governing forest and fishery resources. The local view is approached empirically with data gathered through interviews, which is then compared against institutional change at national level and in the global arena. Multidisciplinary in nature, the book demonstrates innovative ways of adjusting to change, combining old and new, local and global and providing a holistic view of the Russian economy and a society in transition.



Monetary Policy Implementation Operational Issues For Countries With Evolving Monetary Policy Frameworks


Monetary Policy Implementation Operational Issues For Countries With Evolving Monetary Policy Frameworks
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Author : Nils Mæhle
language : en
Publisher: International Monetary Fund
Release Date : 2020-02-07

Monetary Policy Implementation Operational Issues For Countries With Evolving Monetary Policy Frameworks written by Nils Mæhle and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-07 with Business & Economics categories.


This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be the daily operating target, including for countries relying on a money targeting policy strategy. The paper discusses how a policy formulation framework based on monetary aggregates can be combined with an operational framework that ensures more stable and predictable short-term rates to enhance policy transmission. It also discusses how to best configure an interest-rate-based operational framework when markets are underdeveloped and liqudity management capacity is weak.



Russia S Uncertain Economic Future


Russia S Uncertain Economic Future
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Author : John P. Hardt
language : en
Publisher: Routledge
Release Date : 2015-04-15

Russia S Uncertain Economic Future written by John P. Hardt and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-15 with Business & Economics categories.


The contributors to this volume analyze the present state of the Russian economy and its future prospects - which now seem brighter than at any previous time in the country's history. The Russian economy is now showing positive GDP growth and a positive balance of payments, portending a trend of sustained growth. The record of the Putin presidency with respect to the establishment of market-friendly legal and administrative environments is substantially positive. On the other side of the ledger, the contributors identify the persistence of monopolies in energy, transportation, and agriculture; distortions resulting from corruption, infrastructural inadequacies, and the maldistribution of political power and decision-making authority; demographic decline and the erosion of human capital as manifested in the health, education, and welfare of the population. Russia's successful development as a democratic society with a market economy is of great importance to its neighbors and to the global economy, and specifically to the United States, which is why the U.S. Congress commissioned these studies by expert analysts. This edition includes a comprehensive subject index, making the volume user-friendly.



Modeling Economic Growth In Contemporary Russia


Modeling Economic Growth In Contemporary Russia
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Author : Bruno S. Sergi
language : en
Publisher: Emerald Group Publishing
Release Date : 2019-05-23

Modeling Economic Growth In Contemporary Russia written by Bruno S. Sergi and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-23 with Business & Economics categories.


Russia is one of the world's largest growing economies. With this exciting new growth and development, there is a wealth of knowledge to be discovered from the strategies and models being used and created throughout Russia's economy.