Problems and Challenges of Monetary Policy in Russia

Sergei Aleksashenko and Maxim Petronevich ()
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Sergei Aleksashenko: National research university Higher school of economics
Maxim Petronevich: National research university Higher school of economics

Ekonomicheskaya Politika / Economic Policy, 2011, vol. 3, 12 pages

Abstract: This article represents a retrospective analysis of monetary policy, implemented by Central Bank of Russia during since 1992, including 2008/2009 financial crisis. Much attention is paid to the insufficient efficiency of the Central bank actions and to the analysis of the interconnection between the problems Central bank of Russia was facing and limitations of its tools. Authors conclude that during last ten years Russia uses a very specific type of the monetary policy that does not allow solving many of current problems.

Keywords: monetary policy; Central Bank of Russia; financial crisis (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:1131

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