The article is devoted to discussing Russian economic policy during the crisis amid coordinated G20 decisions and corresponding policy of leading economies. The authors briefly cover the history of G20 summits, proposals of Russian delegation and analyze Russian economic policy in the light of...

The primary purpose of this paper is to test the hypothesis of capital mobility reduction in the wake of the global financial crisis of 2008-2009. Through the constructed models we tested hypotheses about the long- and short-term mobility of global capital by estimating the correlation between...

Every country faces what economists call an intertemporal (across time) budget constraint, which requires that its government's future expenditures, including the servicing of its outstanding official debt, be covered by its government's future receipts when measured in present value. The...

Стремительное развитие финансовых рынков, появление новых и все более сложных финансовых инструментов, эволюция платежных систем – все это приводит к...

В работе проведен анализ понятия резервных валют и их роли в современной мировой платежной системе. Последовательно рассмотрены определение резервных валют,...

The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000-2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...

Russian Abstract: Основной целью данной работы является оценка эффекта переноса обменного курса в российской экономике. Для достижения данной цели были решены...

Russian Abstract: Для центральных банков, таргетирующих инфляцию, процентная политика является основным механизмом не только достижения конечной цели...

The imposition of sweeping sanctions against Russia has a negative impact on the entire global economy, contributing to accelerating inflation and slowing economic growth. The decline in GDP growth in most G-20 countries has been influenced, among other things, by tightening of the monetary...

Following a meeting on July 22, the Bank of Russia cut the key rate by 150 b.p. at a time to 8% per annum, while most analysts expected the rate reduction by 50 b.p. The decision was motivated by the slowdown in current inflation, lower inflation expectations of households and businesses, as...