Russian Federation: Selected Issues

October 21, 2013

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Format: Chicago

Russian Federation: Selected Issues, (USA: International Monetary Fund, 2013) accessed September 19, 2024

Summary

This Selected Issues paper analyzes the impact of the adoption of inflation targeting (IT) on exchange rate volatility in Russian Federation. Russia has seen an increase in exchange rate volatility during the past few years compared with the period before the global financial crisis, as the authorities have chosen to allow a higher degree of ruble exchange rate flexibility in preparation for the adoption of IT. The average of the 12-month coefficient of variation of the ruble/dollar exchange rate has also increased from 2.2 percent in December 2005–September 2008 to about 3.7 percent in March 2010–June 2013.

Subject: Banking, Exchange rate arrangements, Exchange rates, Financial sector policy and analysis, Financial sector stability, Foreign exchange, Liquidity, Macroprudential policy

Keywords: Asset quality, Bank, CR, Dollar, East Asia, Exchange rate, Exchange rate arrangements, Exchange rate expectation, Exchange rate volatility, Exchange rates, Financial sector stability, Global, Inflation targeting, Inflation-targeting country, Interest rate volatility, ISCR, Macroprudential policy

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/311
Stock No:

1RUSEA2013002
ISBN:

9781484343470
ISSN:

1934-7685

Notes

Also Available in Russian

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