Download or read book Development of Foreign Exchange Markets in Russia in 1992 1995 written by Irina S. Semenova and published by . This book was released on 1995 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The History of the Bank of Russia s Exchange Rate Policy written by Central Bank of the Russian Federation and published by . This book was released on 2014 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the post-Soviet period of 1992-98, the monetary policy of the Bank of Russia was essentially exchange rate-oriented due to overall economic and financial instability combined with hyperinflation (1992-94) and high inflation (1995-98). An exchange rate corridor system was introduced in 1995. The government debt crisis of 1998 triggered a shift to a managed floating exchange rate. After that crisis, exchange rate dynamics were largely market-driven. The exchange rate continued to be tightly managed through 2002-05. In 2004, less restrictive capital control regulations were adopted, marking a move from an authorization-based system to flow controls. The rouble experienced steady upward pressure and the Bank of Russia intervened repeatedly in the foreign exchange market to contain the rouble's appreciation. In 2005, the Bank of Russia introduced a dual-currency basket as the operational indicator for it exchange rate policy, again to smooth the volatility of the rouble's exchange rate vis-a-vis other major currencies. Following the global financial crisis, the Bank of Russia changed its policy focus towards moderating the rouble's depreciation. Interest rates were steadily raised, and a range of control measures was implemented. During 2009-12, the Bank of Russia further increased the flexibility of its exchange rate policy. Intervention volumes have steadily decreased. The overall scale of the exchange rate pass-through in the Russian economy has diminished in recent years. Greater flexibility on exchange rates has also let the Bank of Russia put increased emphasis on its interest rate policy. In 2013-14, the Bank of Russia plans to further increase the flexibility of the rouble exchange rate regime with a view to creating the conditions for a transition to a fully floating exchange rate regime by 2015.Full publication: "http://ssrn.com/abstract=2420030" Market Volatility and Foreign Exchange Intervention in EMEs: What Has Changed?
Download or read book Evolution of Monetary Policy Instruments in Russia written by Mr.David S. Hoelscher and published by International Monetary Fund. This book was released on 1997-12-01 with total page 39 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 Development of Capital Markets and Institutional Investors in Russia written by Michel Noël and published by World Bank Publications. This book was released on 2006 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the recent developments in capital markets and institutional investors in Russia, and examines the policy challenges ahead for the development of the sector. The analysis covers key impediments for further development and policy challenges for securities markets, in particular legal and regulatory framework, market infrastructure, government bonds, sub-sovereign bonds, corporate bonds, and equities. The analysis also covers key impediments for furhter development and policy challenges for mutual funds, pension funds, and insurance companies.
Download or read book Market Volatility and Foreign Exchange Intervention in EMEs written by Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income Inequality and Poverty During the Transition from Planned to Market Economy written by Branko Milanovi? and published by World Bank Publications. This book was released on 1998 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 394. Joint Forest Management (JFM) has emerged as an important intervention in the management of Indias forest resources. This report sets out an analytical method for examining the costs and benefits of JFM arrangements. Two pilot case studies in which the method was used demonstrate interesting outcomes regarding incentives for various groups to participate. The main objective of this study is to develop a better understanding of the incentives for communities to participate in JFM.
Download or read book Monetary and Exchange System Reforms in China written by Mr.Bernard Laurens and published by International Monetary Fund. This book was released on 1996-09-26 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.
Download or read book Russia and the Arms Trade written by Ian Anthony and published by . This book was released on 1998 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: For this study, a group of Russian authors were commissioned to describe and assess the arms trade policies and practices of Russia under new domestic and international conditions. The contributors, drawn from the government, industry, and academic communities, offer a wide range of reports on the political, military, economic, and industrial implications of Russian arms transfers, as well as specific case studies of key bilateral arms transfer relationships.
Download or read book Privatizing Russia written by Maxim Boycko and published by MIT Press. This book was released on 1997-01-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.
Download or read book A Normal Country written by Andrei Shleifer and published by Harvard University Press. This book was released on 2005 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a firsthand glimpse into the intellectual challenges that Russia's turbulent transition generated. It deals with many of the most important reforms, from Gorbachev's half-hearted "perestroika," to the mass privatization program, to the efforts to build legal and regulatory institutions of a market economy.
Download or read book The Rule Of Law And Economic Reform In Russia written by Jeffery Sachs and published by Routledge. This book was released on 2019-05-20 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: What impact has Russia's chosen path of reform had on the development of law after the collapse of the communist regime? 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. Nine renowned scholars, chosen from specialties in history, politi
Download or read book Resources Production and Structural Dynamics written by Mauro L. Baranzini and published by Cambridge University Press. This book was released on 2015-04-30 with total page 521 pages. Available in PDF, EPUB and Kindle. Book excerpt: New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.
Download or read book Re Examining the History of the Russian Economy written by Jeffrey K. Hass and published by Springer. This book was released on 2018-06-14 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the application of field theory (patterns of interaction) to Russian economic history, and how social and political fields mediate the influences of institutions, structures, discourses and ideologies in the creation and dissemination of economic thinking, theory and practice. Using focused cases on Russia's economy from the mid-nineteenth century to the present, Hass and co-authors expand the empirical basis of field studies to provide new material on Russian economic history. The cases are divided into two complementary halves: i) The role of fields of institutions, discourses, and structures in the development of Russian economic thought, especially economic theories and discourses; and ii) The role of fields in the real adoption and implementation of policies in Soviet and Russian economic history. With developed discussion of fields and field theory, this book moves beyond sociology to demonstrate to other disciplines the relation of fields and field theory to other frameworks and methodological considerations for field analysis, as well as providing new empirical insights and narratives not as well-known abroad.
Download or read book Russian Federation written by and published by World Bank Publications. This book was released on 1996 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Discussion Paper No. 310. Examines the economic performance of East and Southeast Asia and Sub-Saharan Africa and attempts to identify some of the practical lessons that Africa can learn from Asia, in order to facilitate industrial development and export growth. Three country comparisons--illustrate the critical nature of government policies, such as exchange rate policy and the role assigned to the agricultural sector.
Download or read book The Selling of the Soviet Empire written by Alfred Kokh and published by SP Books. This book was released on 1998 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Never before has there been an attempt to transform a massive state-owned economy into a dynamic free market system. The story of the conversion of the dinosaur Marxist Soviet state into the free-wheeling capitalist society of today's Russian Federation is one of the most compelling dramas in history. This tale includes violence, corruption, and a web of political conspiracy. It is a true-life economic-political thriller. Who are the new Russian financial magnates who are grabbing former state property? What were the terms for disposing of the state's immense wealth to private investors? What was the role of American financiers? These questions, and more, are answered here. In addition to what he saw with his own eyes (in the crucial period between 1992 and 1997), Kokh also paints vivid pictures of the influential decision-makers that he worked closely with, including Anatoly Chubais, the little known Kremlin kingpin who ran Boris Yeltsin's re-election campaign and served as both Deputy Prime Minister and Finance Minister. Kokh uses his expert knowledge of the Russian government to bring readers into the momentous meetings that changed the world, including his cogent analysis of events occurring in Russia at the present time.
Download or read book The Oligarchs written by David E Hoffman and published by PublicAffairs. This book was released on 2011-09-13 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this saga of brilliant triumphs and magnificent failures, David E. Hoffman, the former Moscow bureau chief for the Washington Post, sheds light on the hidden lives of Russia's most feared power brokers: the oligarchs. Focusing on six of these ruthless men— Alexander Smolensky, Yuri Luzhkov, Anatoly Chubais, Mikhail Khodorkovsky, Boris Berezovsky, and Vladimir Gusinsky—Hoffman shows how a rapacious, unruly capitalism was born out of the ashes of Soviet communism.
Download or read book Russia s Capitalist Revolution written by Anders Åslund and published by Peterson Institute. This book was released on 2007 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt:
