Russia's Balance of Payments in January-September

Russian Economic Developments. Moscow, 2016, No. 11, pp. 9-13

5 Pages Posted: 23 Nov 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

Michael Khromov

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

Date Written: November 23, 2016

Abstract

Russia’s current account surplus was affected considerably by falling exports, whereas imports declined at a slower rate, as compared with the same period previous year. In January–September 2016, net capital outflow in the private sector is reported to be five times less than what it was during the same period previous year, as the rate of repayment of bank debts and liabilities slowed down, as a result of which the ruble appreciated in real terms in January– September 2016 to the level seen early in 2006.

Keywords: Russian economy, inflation, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra and Trunin, Pavel and Khromov, Michael, Russia's Balance of Payments in January-September (November 23, 2016). Russian Economic Developments. Moscow, 2016, No. 11, pp. 9-13, Available at SSRN: https://ssrn.com/abstract=2874797 or http://dx.doi.org/10.2139/ssrn.2874797

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

Michael Khromov

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Structural Research Laboratory ( email )

Moscow
Russia

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