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The Opportunities of Growth in the Environment of Currency Collapses in Russia and Financial Bubbles in the World

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  • M. Ershov

Abstract

Introduction of the free-float regime of exchange rate of the Russian ruble coupled with the fall of oil prices led to sizeable ruble depreciation. All oil-exporters devalued their currencies, however the devaluation of the ruble was the most significant. Against the backdrop of remaining instability in the world economy where a lot of financial indicators reach their pre-crisis highs, it makes the global situation highly unstable and the creation of anti-crisis buffers and stabilizing mechanisms extremely relevant for Russia.

Suggested Citation

  • M. Ershov, 2015. "The Opportunities of Growth in the Environment of Currency Collapses in Russia and Financial Bubbles in the World," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 12.
    • Handle: RePEc:nos:voprec:y:2015:id:146
    DOI: 10.32609/0042-8736-2015-12-32-50
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