The article develops an integral approach to formulating and realizing a modern monetary policy capable of replacing the traditional one, which was fragmented and unsystematic. The global financial crisis has revealed the absence of sufficient monetary policy instruments and led to the...

The article considers Kazakhstan's economic policy in 1996-2007 and examines the correlation between economic development and the current account balance. Special attention is devoted to the analysis of macroeconomic efficiency. The data reveal that with high economic growth rates in Kazakhstan...

The emerging financial crisis demonstrates the real level of financial globalization. It would be unusual if the Russian economy remained a "safe haven" in the present environment. But is the United States or Russia to blame for the Russian crisis? It seems that the U.S. crisis has merely been...

The article discusses the main factors and development of the global financial crisis of 2008. The downturn in one of the local sectors of the U.S. economy has caused major threats to the functioning of global financial markets. Structural problems of the Russian financial sector ("an illusion...

The scale of the current international financial crisis has been an unprecedented shock for the world economy and policymakers all over the globe. The crisis has affected Ukraine in a number of ways and caused the National Bank of Ukraine and the government of Ukraine to undertake a number of...

This article addresses monetary policy issues that must be resolved for the Russian economy's transition to innovation-based development. All monetary policy objectives must be achieved, not just reduced to inflation targeting. A systemic, structural approach to monetary policy is suggested. The...

This article examines possible next steps in administrative and civil service reform in Russia, in terms of both the lessons of reforms introduced earlier in this decade and the need for institutional development to underpin the design and implementation of a modernization strategy to guide...

This article argues that the implementation of a well-chosen long-term strategy for Russia's modernization will require both political leadership and the constructive efforts of interested social groups.

This article examines ten myths that it claims too often distort analysis of agrarian reform in Russia.

This article examines the actual and prospective roles played by interest groups in determining Russia's socioeconomic development policies, and calls for these roles to be expanded as part of a modernization strategy.