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Floating Exchange Rate in Transition Economies

Author

Listed:
  • Igor A. Yakovlev

    (Financial Research Institute, Moscow, Russia)

  • Kristina V. Shvandar

    (Financial Research Institute, Moscow, Russia)

Abstract

Russia’s transition to a floating exchange rate in the end of 2014 made people to face a lot of new issues. One of the most important is the question of the expediency and the timeliness of the switch to the new exchange rate regime made by the Bank of Russia. The authors in this article on the basis of the existing literature analysis, international statistics and the Russian economy statistics data come to the conclusion that the transition did not bring Russia’s economy any expected benefits.

Suggested Citation

  • Igor A. Yakovlev & Kristina V. Shvandar, 2015. "Floating Exchange Rate in Transition Economies," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 103-112, October.
    • Handle: RePEc:fru:finjrn:150509:p:103-112
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    Cited by:

    1. Kristina V. Shvandar & Artur V. Glazunov, 2017. "National Currencies in Foreign Trade Transactions: International Experience and Results," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 122-135, August.

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