О некоторых успехах ЦБ России в 2015 году

On Some Successes Scored by the Russian Central Bank in 2015

Sergey Blinov

MPRA Paper from University Library of Munich, Germany

Abstract: Money supply statistics based on the Year 2015 results show that «money starvation» is coming to an end in Russia. That has always been truly indicative of exit from the crisis. The depth of money supply decline in 2015 (it declined by 11%) proved to have been the smallest one in the whole history of post-Soviet Russia. This constitutes a relative success of the policy conducted by the Central Bank of Russia. The reason for this success is that it has been keeping positive growth rates of the nominal money supply and keeping inflation under control. Continuation of such policy would mean independence of economic growth in Russia of oil prices.

Keywords: Monetary Policy; Central Banking; Interest Rates; Economic Growth; Money Supply (search for similar items in EconPapers)
JEL-codes: E31 E32 E40 E51 E52 E58 E65 G01 N10 O11 (search for similar items in EconPapers)
Date: 2016-02-13
New Economics Papers: this item is included in nep-cba, nep-cis, nep-mac and nep-tra
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:69521

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