Template-Type: ReDIF-Article 1.0
Author-Name:Alexandra Bozhechkova
Author-Name-First:Alexandra 
Author-Name-Last: Bozhechkova
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:Pavel Trunin
Author-Name-First:Pavel  
Author-Name-Last: Trunin
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: THE EXCHANGE RATE OF THE RUBLE IS CLOSE TO THE EQUILIBRIUM POINT
Abstract: The balance of payments for 2015 shows an increasing surplus in the current
account balance, which has resulted from the shrinking deficit in the balance
of services, the investment income balance and wages, coupled with the
decreasing surplus in the trade balance. The accelerated weakening of the
ruble in real terms against the national currencies of the developing countries
during some prolonged periods of time in 2014–2015 was triggered by the
mounting geopolitical risks and the plummeting oil prices.
Classification-JEL:P24, E52  
Keywords: INFLATION AND MONETARY POLICY,  Russian Economy
Journal: Russian Economic Developments
Year: 2016
Issue: 3
Month: March
Pages: 11-15
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/697Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:697