IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2015id145.html
   My bibliography  Save this article

Russian Devaluation in 2014-2015: Falling into the Abyss or Window of Opportunities?

Author

Listed:
  • V. Mironov

Abstract

The fall in the oil prices from mid-2014 is causing a decrease in domestic demand and a strong devaluation of the ruble, which in turn promotes the growth of the price competitiveness of Russian producers, stimulates the supply side of the economy (especially in foreign markets, where there is no recession), and thus creates the possibility of offsetting the fall in domestic demand due to the growth of net exports. However, as the analysis of the economic literature, the world experience and current Russian economic trends demonstrates, the joint impact of oil prices and ruble devaluation on the growth rates of the Russian economy, with all its structural problems, can lead to a much more severe recession than the majority of experts, if to judge by average consensus estimates, expect in their forecasts (as of the end of September 2015).

Suggested Citation

  • V. Mironov, 2015. "Russian Devaluation in 2014-2015: Falling into the Abyss or Window of Opportunities?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 12.
    • Handle: RePEc:nos:voprec:y:2015:id:145
    DOI: 10.32609/0042-8736-2015-12-5-31
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/145/145
    Download Restriction: no
    File URL: https://libkey.io/10.32609/0042-8736-2015-12-5-31?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:voprec:y:2015:id:145. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: NEICON (email available below). General contact details of provider: https://www.vopreco.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.