Exchange Rate Determinants in Russia: 1992-93

Koen, Vincent; Meyermans, Eric

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Exchange Rate Determinants in Russia: 1992-93

IMF Working Paper No. 94/66

62 Pages Posted: 15 Feb 2006

See all articles by Vincent Koen

Vincent Koen

Organization for Economic Co-Operation and Development (OECD)

Eric Meyermans

affiliation not provided to SSRN

Date Written: June 1994

Abstract

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.

JEL Classification: E31, E41, E52, E58, F31

Suggested Citation: Suggested Citation

Koen, Vincent and Meyermans, Eric, Exchange Rate Determinants in Russia: 1992-93 (June 1994). IMF Working Paper No. 94/66, Available at SSRN: https://ssrn.com/abstract=883548