Prospects for a Transition Towards Inflation Targeting in Russia

In Russia, the pre-conditions for a successful transition to inflation targeting are beginning to emerge. The economy remains highly dependent upon the external economic conjuncture, but the financial crisis made for a steep increase in the demand of commercial banks for refinancing by the CBR. This has given the Bank of Russia the power to exercise real influence in the monetary sphere by the management of its interest rate

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Year of publication:	2009
Authors:	Drobyshevsky, Sergey ; Trunin, Pavel
Institutions:	Gaidar Institute for Economic Policy
Subject:	Inflation targeting \| institutional environment \| developing countries \| transition economies \| exchange rate

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	4717 pages longwords
Source:	RePEc - Research Papers in Economics

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