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National Currency Appreciation and Growth of the Russian Economy

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  • T. Zolotoukhina

Abstract

The problem of interaction between Russian currency appreciation and positive dynamics of macroeconomic indicators is studied. Main economic factors of ruble appreciation are analyzed. Consequences of the Russian Central Bank's policy directed to oppose ruble appreciation and problems in financial area due to the increase of money supply through the exchange market are considered. Influence of exchange rate appreciation on economic growth, inflation, export, import, capital flows are discussed. It is concluded that Russian ruble appreciation stimulates an increase in efficiency of the Russian economy.

Suggested Citation

  • T. Zolotoukhina, 2004. "National Currency Appreciation and Growth of the Russian Economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 6.
    • Handle: RePEc:nos:voprec:y:2004:id:1909
    DOI: 10.32609/0042-8736-2004-6-95-111
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