The impact of the ruble exchange rate dynamics on the inflow of foreign investment in the Russian economy

Влияние динамики обменного курса рубля на приток иностранных инвестиций в российскую экономику

Княз Багдасарян (), Baeva, Marina (Баева, Марина) (), Zaitsev, Yuriy (Зайцев, Юрий) (), Alexander Knobel and Loshchenkova, Anna (Лощенкова, Анна) ()
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Baeva, Marina (Баева, Марина): The Russian Presidential Academy of National Economy and Public Administration
Zaitsev, Yuriy (Зайцев, Юрий): The Russian Presidential Academy of National Economy and Public Administration
Loshchenkova, Anna (Лощенкова, Анна): The Russian Presidential Academy of National Economy and Public Administration

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: Portfolio and foreign direct investment (FDI) is an important source of capital that complements domestic private investment and is often associated with new jobs, the stimulation of technological exchange and the promotion of overall economic growth in host countries. Important factors for FDI inflows are the level of the exchange rate and its volatility. The need for an empirical analysis of the impact of the exchange rate on FDI inflows to Russia is due to the currency crisis of 2014–2015, when the Russian ruble devalued due to a fall in world oil prices, as well as a number of foreign policy events.

Keywords: exchange course; foreign investments; foreign direct investments; investment climate; import substitution; economic sanctions; globalization; Russian Federation (search for similar items in EconPapers)
Pages: 64 pages
Date: 2019-04
New Economics Papers: this item is included in nep-cis, nep-int and nep-tra
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