IDEAS home Printed from https://ideas.repec.org/a/nos/voprec/y2016id162.html
   My bibliography  Save this article

Functioning of monetary and financial system and the depression of the Russian economy

Author

Listed:
  • V. Manevitch

Abstract

The monetary and financial sphere of the Russian economy is considered in the article as an interconnected system, which involves cross-border movement of capital, the budget deficit formation and financing, the Central Bank monetary policy, the credit activity of banks. The article traces the changes in the functioning of the monetary and financial system of Russia in 2014-2015 under the influence of external shocks. The author challenges some of the accepted explanations of the dynamics of macroeconomic indicators, in particular, the automatic dependency in the short run of the exchange rate on the oil export prices, a critical dependence of the spectrum of interest rates on the Central Bank key rate. Thanks to the repatriation of foreign assets in the Russian economy there remains the possibility of appreciating the ruble and lowering interest rates, despite the decline in export prices and repayment of external liabilities.

Suggested Citation

  • V. Manevitch, 2016. "Functioning of monetary and financial system and the depression of the Russian economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 2.
    • Handle: RePEc:nos:voprec:y:2016:id:162
    DOI: 10.32609/0042-8736-2016-2-34-55
    as

    Download full text from publisher

    File URL: https://www.vopreco.ru/jour/article/viewFile/162/162
    Download Restriction: no
    File URL: https://libkey.io/10.32609/0042-8736-2016-2-34-55?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:2016:id:162. 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.