Exchange Rate Determinants in Russia: 1992-1993

Vincent Koen () and Eric Meyermans

No 1994/066, IMF Working Papers from International Monetary Fund

Abstract: This paper examines the evolution of the exchange rate of the ruble vis-à-vis the U.S. dollar from exchange rate unification, in July 1992, to the end of 1993. The expected and actual paths of the exchange rate are related to the exchange and trade regime and to the stance of financial and exchange rate policies. An econometric analysis based on weekly data is offered, which suggests that monetary factors have a significant impact on the short run behavior of the exchange rate.

Keywords: WP; U.S. dollar; spot exchange rate; foreign exchange market; nominal exchange rate; interest rate; price level; ruble auction; CBR intervention; Exchange rates; Currency markets; Exchange rate arrangements; Correspondent banking; Central and Eastern Europe; Eastern Europe; Baltics (search for similar items in EconPapers)
Pages: 62
Date: 1994-06-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=1121 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1994/066

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().