Russian Federation: Selected Issues

Author: International Monetary Fund. European Dept.

Volume/Issue: Volume 2013 Issue 311

Publication date: October 2013

ISBN: 9781484343470

$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	paperback else	pdf else
English
Russian

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , exchange rate , bank , inflation targeting , dollar , exchange rate volatility , inflation-targeting country , interest rate volatility , asset quality , exchange rate expectation , Exchange rates , Exchange rate arrangements , Macroprudential policy , Financial sector stability , Global , East Asia

Also of interest

Grenada

Peru

Nepal

Peru

Summary

This Selected Issues paper analyzes the impact of the adoption of inflation targeting (IT) on exchange rate volatility in Russian Federation. Russia has seen an increase in exchange rate volatility during the past few years compared with the period before the global financial crisis, as the authorities have chosen to allow a higher degree of ruble exchange rate flexibility in preparation for the adoption of IT. The average of the 12-month coefficient of variation of the ruble/dollar exchange rate has also increased from 2.2 percent in December 2005–September 2008 to about 3.7 percent in March 2010–June 2013.