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Balance of Payments in Q4 2022
[Платежный Баланс Рф В Четвертом Квартале 2022 Г]

Author

Listed:
  • Alexandra V. Bozhechkova

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

  • Alexander Yu. Knobel

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration; Russian Foreign Trade Academy)

  • Pavel V. Trunin

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

Abstract

At the end of Q4 2022, the current account surplus decreased significantly compared to the previous quarter as a result of a decline in the value of exports of goods and services. At the same time, the financial account deficit, which includes reserve assets, also dropped substantially compared to Q1–Q3 2022 – mainly due to a decrease in the value of net purchases of foreign financial assets by the private sector. The current account squeeze led to a weakening of the ruble.

Suggested Citation

  • Alexandra V. Bozhechkova & Alexander Yu. Knobel & Pavel V. Trunin, 2023. "Balance of Payments in Q4 2022 [Платежный Баланс Рф В Четвертом Квартале 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 4-7, March.
    • Handle: RePEc:gai:recdev:r2317
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    More about this item

    Keywords

    balance of payment; exports; imports; current account; ruble exchange rate; outflow/inflow of capital; Bank of Russia;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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