The Exchange Rate of the Ruble is Close to the Equilibrium Point

Russian Economic Developments. 2016, Moscow, IEP Publishers, No 3, pp. 11-15

5 Pages Posted: 2 Apr 2016

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

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

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: April 1, 2016

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.

Keywords: Russian economy, monetary policy, inflation

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra and Trunin, Pavel, The Exchange Rate of the Ruble is Close to the Equilibrium Point (April 1, 2016). Russian Economic Developments. 2016, Moscow, IEP Publishers, No 3, pp. 11-15, Available at SSRN: https://ssrn.com/abstract=2757575 or http://dx.doi.org/10.2139/ssrn.2757575

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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