Russian Currency and Finance

Russian Currency and Finance
Author: Steve H. Hanke
Publisher: Routledge
Total Pages: 260
Release: 2005-08-18
Genre: Business & Economics
ISBN: 1134863691

As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia's future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs a stable, convertible currency. Steve H. Hanke, Lars Jonung and Kurt Schuler propose that Russia establishes a currency board which would issue a Russian currency fully convertible with international currency, backed 100 per cent by international bonds. The international community would aid in establishing the currency board by providing the initial reserves. Early supplies of this new Russian currency would be distributed free to Russian citizens. The authors give detailed explanations of how the currency board could be established and how it would work.

Available about Forex trading in Russia

Available about Forex trading in Russia
Author: Oleg Papkov
Publisher: Litres
Total Pages: 184
Release: 2021-01-25
Genre: Computers
ISBN: 5043261544

The book popularly tells about trading in the Forex currency market. An overview is given about the MT4 trading platform. About using indicators and Expert Advisors. Simple trading strategies are considered. Many trading mechanisms are explained. The internal characteristics of the account and the selected currency pair are considered. An example of writing an indicator in the MQL4 language is given.All the material in the book is of a recommendatory nature.

Russia's Forex Market

Russia's Forex Market
Author: Alexandra Bozhechkova
Publisher:
Total Pages: 3
Release: 2016
Genre:
ISBN:

The Bank of Russia on 11 December 2015 decided to keep the base interest rate unchanged at 11%, thus indicating that the bank will not move forward with easing monetary policy. Russia's Central Bank on 14 December resumed 12-month foreign exchange repo auctions with a view to pushing down demand for foreign currency. Thus, the Bank of Russia aims to avoid turbulence in Russia's financial markets, which may occur in response to a new downturn of oil prices amid raised Fed target rates.

Exchange Rate Determinants in Russia

Exchange Rate Determinants in Russia
Author: Mr.Vincent Koen
Publisher: International Monetary Fund
Total Pages: 62
Release: 1994-06-01
Genre: Business & Economics
ISBN: 1451848757

This paper examines the evolution of the exchange rate of the ruble vis-à-vis the U.S. dollar from exchange rate unification, in July 1992, to the end of 1993. The expected and actual paths of the exchange rate are related to the exchange and trade regime and to the stance of financial and exchange rate policies. An econometric analysis based on weekly data is offered, which suggests that monetary factors have a significant impact on the short run behavior of the exchange rate.