Download or read book A Monetary Policy Rule for Russia Or is it Rules written by Iikka Korhonen and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy Rules for Russia written by Akram Esanov and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the Bank of Russia reacts to changes in inflation, the output gap and the exchange rate in a consistent and predictable manner. Our results indicate that, during the period from 1993 to 2004, the Bank of Russia used monetary aggregates as the main policy instrument. Some estimations provide evidence that the Bank of Russia was more concerned with reducing inflation before 1995, while the priorities shifted towards exchange rate stabilization after 1995.
Download or read book A Preliminary Evaluation of Monetary Policy Rules for Russia written by Akram Esanov and published by . This book was released on 2004 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy Rules and Their Application in Russia written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Rule Of Law And Economic Reform In Russia written by Jeffery Sachs and published by Westview Press. This book was released on 1997-06-06 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays examines how Russia's distinctive traditions of law-and lawlessness-are shaping the current struggle for economic reform in the country.
Download or read book Central Banks and Monetary Policies written by Felix Lessambo and published by Ethics International Press. This book was released on 2024-05-14 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a uniquely comprehensive and detailed analysis of central banks within the G-20. It discusses their policies and functions in detail. Central banks use monetary policy to manage economic fluctuations and achieve price stability. Monetary policy is the control of the quantity of money available in an economy and the channels by which new money is supplied. Monetary policy is implemented either (i) through interest rate policy, whereby the central bank influences financial conditions by setting, or closely controlling, a short-term rate and by steering expectations about the interest rate forward, or (ii) through balance sheet policy, whereby the central bank influences financial conditions beyond the short-term rate by adjusting its balance sheet. Inflation targeting has emerged as the leading framework for monetary policy. Since the 1990s, the role of the interest rate has increased, and many countries are using inflation targeting to achieve the aims of their monetary policy. Central banks around the globe, and within the G-20, have introduced explicit inflation targets. Though a central bank cannot directly control inflation, or the factors that determine inflation, it does have the tools needed to directly affect a group of nominal variables, that in turn have an impact on the determinants of inflation. Moreover, most major central banks have adopted unconventional monetary policies to stabilize financial conditions, boost economic activity, and maintain price stability. Last but not least, financial and monetary policies have become increasingly international, involving trade-offs between domestic and foreign interests. The response to cross-border financial crises requires the close cooperation of multiple jurisdictions. The book is a key reference text for researchers, teachers and students in banking, economic policy, and government worldwide.
Download or read book Evolution of Monetary Policy Instruments in Russia written by Mr. Tomás J. T. Baliño and published by International Monetary Fund. This book was released on 1997-12-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992–December 1995. Special attention is given to the role of monetary policy instruments. Initially, policy was completely dominated by flows of credit from the Central Bank of the Russian Federation (CBR) to the budget, to enterprises, and to other republics in the ruble area. Over time these flows have been reduced and indirect monetary instruments have become key elements of monetary policy implementation
Download or read book Central Bank Independence Regulations and Monetary Policy written by Ranajoy Ray Chaudhuri and published by Springer. This book was released on 2018-10-29 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the linkage between central bank structure, central bank autonomy—with respect to setting its monetary policy goals, choosing its policy mechanisms, legal independence, and financial independence—and monetary policy, both in select benchmark countries and at a broader theoretical level. Country-specific chapters on the US, UK, Germany, Greece, Russia, India, China, Japan, Brazil, and South Africa focus on the history, administrative structure, and independence of the central monetary authority in these countries. The chapters go on to explore the countries’ conduct of monetary policy, their interplay with political forces and the wider economy, their currency, and their macroeconomic outcomes. The book will appeal to researchers, students of economics, finance and business, as well as general readers with an interest in the subject.
Download or read book Putinomics written by Chris Miller and published by UNC Press Books. This book was released on 2018-02-08 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.
Download or read book Strategies for Monetary Policy written by John H. Cochrane and published by Hoover Press. This book was released on 2020-05-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Federal Reserve System conducts its latest review of the strategies, tools, and communication practices it deploys to pursue its dual-mandate goals of maximum employment and price stability, Strategies for Monetary Policy—drawn from the 2019 Monetary Policy Conference at the Hoover Institution—emerges as an especially timely volume. The book's expert contributors examine key policy issues, offering their perspectives on US monetary policy tools and instruments and the interaction between Fed policies and financial markets. The contributors review central bank inflation-targeting policies, how various monetary strategies actually work in practice, and the use of nominal GDP targeting as a way to get the credit market to work well and fix the friction in that market. In addition, they discuss the effects of the various rules that the Fed considers in setting policy, how the Fed's excessive fine-tuning of the economy and financial markets has added financial market volatility and harmed economic performance, and the key issues that impact achievement of the Fed's 2 percent inflation objective. The volume concludes by exploring potential options for enhancing our policy approach.
Download or read book Rules for International Monetary Stability written by Michael D. Bordo and published by Hoover Press. This book was released on 2017-04-01 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the end of the Great Recession in 2009 the central banks of the advanced countries have taken unprecedented actions to reflate and stimulate their economies. There have been significant differences in the timing and pace of these actions. These independent monetary policy actions have had significant spillover effects on the economies and monetary policy strategies of other advanced countries. In addition the monetary policy actions and interventions of the advanced countries have had a significant impact on the emerging market economies leading to the charge of 'currency wars.' The perceived negative consequences of spillovers from the actions of national central banks has led to calls for international monetary policy coordination. The arguments for coordination based on game theory are the same today as back in the 1980s, which led to accords which required that participant countries follow policies to improve global welfare at the expense of domestic fundamentals. This led to disastrous consequences. An alternative approach to the international spillovers of national monetary policy actions is to view them as deviations from rules based monetary policy. In this view a return to rules based monetary policy and a rolling back of the " global great deviation" by each country's central bank would lead to a beneficial policy outcome without the need for explicit policy coordination. In this book we report the results from a recent conference which brought together academics, market participants, and policy makers to focus on these issues. The consensus of much of the conference was on the need for a classic rules based reform of the international monetary system.
Download or read book Federalism Democratization and the Rule of Law in Russia written by Jeffrey Kahn and published by Oxford University Press, USA. This book was released on 2002-06-13 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combining the approaches of three fields of scholarship - political science, law and Russian area- tudies - the author explores the foundations and future of the Russian Federation. Russia's political elite have struggled to build an extraordinarily complex federal system, one that incorporates eighty-nine different units and scores of different ethnic groups, which sometimes harbor long histories of resentment against Russian imperial and Soviet legacies. This bookexamines the public debates, official documents and political deals that built Russia's federal house on very unsteady foundations, often out of the ideological, conceptual and physical rubble of the ancien régime. One of the major goals of this book is, where appropriate, to bring together the insights ofcomparative law and comparative politics in the study of the development of Russia's attempts to create - as its constitution states in the very first article - a 'Democratic, federal, rule-of-law state'
Download or read book The Periphery of the Euro written by Philippe De Lombaerde and published by Routledge. This book was released on 2017-11-30 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the monetary and exchange rate policies in Eastern European countries not covered by the current EU enlargement process. Specifically the book examines the major CIS countries: Belarus, Kazakhstan, Russia and the Ukraine. (The new Eastern European EU members are also frequently referenced for comparison purposes.) Current and prospective monetary policy options are considered and the applicability of the EU monetary integration experience for the CIS countries and the prospects of a monetary re-unification around the Russian Federation are assessed. This is the first book to formally deal with many of these questions.
Download or read book Russian Constitutional Law written by Elena A. Kremyanskaya and published by Cambridge Scholars Publishing. This book was released on 2014-10-16 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russian Constitutional Law is one of the first publications to offer profound analyses of the main institutions of the Constitutional Law of the Russian Federation in English. The authors, representing the Constitutional Law Chair of the Moscow State Institute for International Relations (MGIMO-University), cover the most important and basic categories of Constitutional Law in Russia: namely, the Constitution; the Status of the Individual; Federalism; the Electoral System; Federal Bodies (the...
Download or read book The Rule of Law in Monetary Affairs written by Thomas Cottier and published by Cambridge University Press. This book was released on 2014-08-29 with total page 635 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis and subsequent sovereign debt crisis in Europe demonstrated that the relationship between law and economics in the design of the monetary system must be revisited. International monetary affairs are usually conducted via domestic monetary policies which are formulated by independent central banks and informed mainly by economics, without much room being left to substantive law. Based on the 2012 World Trade Forum, this volume brings together leading scholars, practitioners and policy makers in international economic law in order to examine the potential of law and legal methodology to contribute to international monetary stability. It explores the links between and lessons to be learnt from existing international investment and trading systems and studies some specific policy issues which have a direct impact on monetary affairs, such as exchange rate policy, sovereign debt, taxation, competitiveness, trade imbalances, austerity programmes and human rights.
Download or read book Republic of Kazakhstan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2017-05-09 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues Paper evaluates Kazakhstan’s oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan’s oil wealth. Kazakhstan’s non-oil deficit path has been higher than suggested by long-term benchmarks, and adjustment is needed in the coming years to avoid fiscal sustainability risks and to promote intergenerational equity. Price-based fiscal rules can help anchor short- and medium-term fiscal policy. The non-oil deficit path introduced in the new National Fund of the Republic of Kazakhstan concept is broadly consistent with the proposed approach and should be followed by timely and decisive implementation of revenue and expenditure measures.
Download or read book Moscow Rules written by Keir Giles and published by Brookings Institution Press. This book was released on 2019-01-29 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Moscow, the world looks different. It is through understanding how Russia sees the world—and its place in it—that the West can best meet the Russian challenge. Russia and the West are like neighbors who never seem able to understand each other. A major reason, this book argues, is that Western leaders tend to think that Russia should act as a “rational” Western nation—even though Russian leaders for centuries have thought and acted based on their country's much different history and traditions. Russia, through Western eyes, is unpredictable and irrational, when in fact its leaders from the czars to Putin almost always act in their own very predictable and rational ways. For Western leaders to try to engage with Russia without attempting to understand how Russians look at the world is a recipe for repeated disappointment and frequent crises. Keir Giles, a senior expert on Russia at Britain's prestigious Chatham House, describes how Russian leaders have used consistent doctrinal and strategic approaches to the rest of the world. These approaches may seem deeply alien in the West, but understanding them is essential for successful engagement with Moscow. Giles argues that understanding how Moscow's leaders think—not just Vladimir Putin but his predecessors and eventual successors—will help their counterparts in the West develop a less crisis-prone and more productive relationship with Russia.
