Ruble Exchange Rate and the Structure of Russian Economy

Sergey Smirnov, E. Balashova and L. Posvyanskaya

Voprosy Ekonomiki, 2010, issue 1

Abstract: The Banks of Russia exchange rate policy influences strongly the competitiveness of national producers at macrolevel. However, the structural consequences of this policy are not thoroughly studied. In particular, it is still almost unknown, which industries and commodities have high, medium or low sensitivity to exchange rate fluctuations. The article considers different approaches to the problem, all based on detailed statistical data. The conclusion is made that any exchange rate policy is an inappropriate tool to influence the structure of Russian economy.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2010:id:971

DOI: 10.32609/0042-8736-2010-1-63-81

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