What Should Russian Monetary Policy Be

Dados Bibliográficos

ID12412263
AutoresJacques Sapir (a CEMI-EHESS, autor correspondente)
Ano2010
Volume26
Fascículo4
Páginas342-372
Data de publicação2010-10-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoPost-Soviet Affairs (JOURNAL)
Identificadores do periódicoISSN: 1060-586X • E-ISSN: 1938-2855
EditoraTaylor & Francis (PUBLISHER • GB)
DOI10.2747/1060-586x.26.4.342
OpenAlexW2142882666
IdiomaEN
Referências citadas58

Just as the financial crisis began to make its impact felt in Russia, the Russian Central Bank altered its monetary policy, switching to an inflation-fighting strategy that made the interest rate a major anti-inflation weapon but also targeted the exchange rate. This brought the bank's strategy into line with those of other central banks. This new policy, a result of the "New Monetary Consensus" of the late 1980s, is analyzed in this article in the context of the Russian Central Bank's response to the worldwide financial crisis and the need to focus on a range of issues including the country's economic development, currency stabilization, and banking sector development

Business · Central bank · Context (archaeology · Currency · Economic policy · Economics · Exchange rate · Financial crisis · Financial system · Inflation (cosmology · Inflation targeting · Interest rate · Lender of last resort · Macroeconomics · Monetary base · Monetary economics · Monetary policy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact · Russia and Soviet political economy