Влияние динамики обменного курса рубля на приток иностранных инвестиций в российскую экономику (An Impact of the Russian Currency Exchange Rate Dynamics on the Foreign Investment Inflow to the Russian Economy)

64 Pages Posted: 10 Jun 2019

See all articles by Kniaz Bagdasaryan

Kniaz Bagdasaryan

Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow Campus, Institute of Applied Economic Research

Marina Baeva

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

Yury Zaitsev

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Moscow Campus

Alexander Knobel

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

Anna Loshchenkova

Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Date Written: April 16, 2019

Abstract

Russian Abstract: Портфельные и прямые иностранные инвестиции (ПИИ) являются важным источником капитала, дополняющим внутренние частные инвестиции и часто связаны с созданием новых рабочих мест, стимулированием технологического обмена и поощрением общего экономического роста в принимающих странах. Важными факторами притока ПИИ являются уровень обменного курса и его волатильность. Необходимость проведения эмпирического анализа влияния обменного курса на приток ПИИ в Россию обуславливается валютным кризисом 2014 – 2015 гг., когда произошла девальвация российского рубля, обусловленная падением мировых цен на нефть, а также рядом внешнеполитических событий.

English Abstract: Portfolio and foreign direct investment (FDI) is an important source of capital that complements domestic private investment and is often associated with new jobs, the stimulation of technological exchange and the promotion of overall economic growth in host countries. Important factors for FDI inflows are the level of the exchange rate and its volatility. The need for an empirical analysis of the impact of the exchange rate on FDI inflows to Russia is due to the currency crisis of 2014–2015, when the Russian ruble devalued due to a fall in world oil prices, as well as a number of foreign policy events.

Note: Downloadable document is in Russian.

Keywords: ОБМЕННЫЙ КУРС, ИНОСТРАННЫЕ ИНВЕСТИЦИИ, ПРЯМЫЕ ИНОСТРАННЫЕ ИНВЕСТИЦИИ, ИНВЕСТИЦИОННЫЙ КЛИМАТ, ИМПОРТОЗАМЕЩЕНИЕ, ЭКОНОМИЧЕСКИЕ САНКЦИИ, ГЛОБАЛИЗАЦИЯ; exchange course, foreign investments, foreign direct investments, investment climate, import substitution, economic sanctions, globalization

Suggested Citation

Bagdasaryan, Kniaz and Baeva, Marina and Zaitsev, Yury and Knobel, Alexander and Loshchenkova, Anna, Влияние динамики обменного курса рубля на приток иностранных инвестиций в российскую экономику (An Impact of the Russian Currency Exchange Rate Dynamics on the Foreign Investment Inflow to the Russian Economy) (April 16, 2019). Available at SSRN: https://ssrn.com/abstract=3391254 or http://dx.doi.org/10.2139/ssrn.3391254

Kniaz Bagdasaryan (Contact Author)

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

Prospekt Vernadskogo 84
Moscow, 119606
Russia

HOME PAGE: http://www.ranepa.ru/prepodavateli/sotrudnik/?2123

Marina Baeva

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

Russia

Yury Zaitsev

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Moscow Campus ( email )

Moscow
Russia

Alexander Knobel

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies ( email )

Vernadsky Ave. 82
Moscow, 119571
Russia

Anna Loshchenkova

Russian Presidential Academy of National Economy and Public Administration (RANEPA) ( email )

Vernadskogo Prospect 82
Moscow, 119571
Russia

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