Floating Exchange Rate in Transition Economies

Igor' Yakovlev and Kristina Shvandar

Finansovyj žhurnal — Financial Journal, 2015, issue 5, 103-112

Abstract: Russia’s transition to a floating exchange rate in the end of 2014 made people to face a lot of new issues. One of the most important is the question of the expediency and the timeliness of the switch to the new exchange rate regime made by the Bank of Russia. The authors in this article on the basis of the existing literature analysis, international statistics and the Russian economy statistics data come to the conclusion that the transition did not bring Russia’s economy any expected benefits.

Keywords: exchange rate regime; the foreign exchange market; macroeconomic indicators; competitiveness of oil exporters’ economies (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:150509:p:103-112

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