Exchange Rate Determinants in Russia: 1992-1993

Author/Editor:

Vincent Koen ; Eric Meyermans

Publication Date:

June 1, 1994

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper examines the evolution of the exchange rate of the ruble vis-à-vis the U.S. dollar from exchange rate unification, in July 1992, to the end of 1993. The expected and actual paths of the exchange rate are related to the exchange and trade regime and to the stance of financial and exchange rate policies. An econometric analysis based on weekly data is offered, which suggests that monetary factors have a significant impact on the short run behavior of the exchange rate.

Series:

Working Paper No. 1994/066

Subject:

Correspondent banking Currency markets Exchange rate arrangements Exchange rates Financial markets Financial services Foreign exchange

English

Publication Date:

June 1, 1994

ISBN/ISSN:

9781451848755/1018-5941

Stock No:

WPIEA0661994

Pages:

62

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