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The Exchange Rate Of The Ruble Is Close To The Equilibrium Point

Author

Listed:
  • Alexandra Bozhechkova

    (Gaidar Institute for Economic Policy)

  • Pavel Trunin

    (Gaidar Institute for Economic Policy)

Abstract

The balance of payments for 2015 shows an increasing surplus in the current account balance, which has resulted from the shrinking deficit in the balance of services, the investment income balance and wages, coupled with the decreasing surplus in the trade balance. The accelerated weakening of the ruble in real terms against the national currencies of the developing countries during some prolonged periods of time in 2014–2015 was triggered by the mounting geopolitical risks and the plummeting oil prices.

Suggested Citation

  • Alexandra Bozhechkova & Pavel Trunin, 2016. "The Exchange Rate Of The Ruble Is Close To The Equilibrium Point," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 11-15, March.
  • Handle: RePEc:gai:recdev:697
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    More about this item

    Keywords

    INFLATION AND MONETARY POLICY; Russian Economy;

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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