Development of the Formation Mechanism of the Russian Ruble Exchange Rate

Nadezhda A. Smirnova ()
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Nadezhda A. Smirnova: Russian-British Institute of Management

Finansovyj žhurnal — Financial Journal, 2015, issue 6, 59-66

Abstract: The article presents the description of the main stages of formation of the Russian ruble exchange rate for 1992–2015 years, reflects the specificity of application in different modes of the ruble rate, shows the dynamics in changing of its course. The relevance of the study is accounted for the fact that timely and effective management of the exchange rate mechanism, not only stabilizes the course of the currency, but also has a direct positive impact on the domestic economy as a whole. The article also describes the current changes in the mechanism of formation of the exchange rate and their possible economic consequences.

Keywords: exchange rate; foreign exchange intervention; exchange rate regime; currency corridor; fixed rate; floating exchange rate (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:150606:p:59-66

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