APOLOGY OF THE RUSSIAN NATIONAL CURRENCY RATE (1992–2015)
https://doi.org/10.21686/2413-2829-2015-6-129-140
Abstract
During 25 years of existence and development of market economy in Russia the algorithm of forming the currency rate, which is adequate to economic situation in the country has not been designed. The ruble rate to world reserve currencies controlled by Russian administration always has certain signs of voluntarism and is fixed without due regard to the ruble inflation rate. Finally, it led to tough currency and finance crises (1998, 2008, 2014). The article identifies factors affecting formation of currency rate of the ruble and investigates policy of monetary powers for the last 25 years. Forecasts of currency rate of the ruble are offered.
About the Authors
Vladimir P. Semenov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Economics, Professor of the Department for Higher Mathematics of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
Yuriy P. Soloviev
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Economics, Professor of the Department for Mathematic Methods in Economy of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
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Review
For citations:
Semenov V.P., Soloviev Yu.P. APOLOGY OF THE RUSSIAN NATIONAL CURRENCY RATE (1992–2015). Vestnik of the Plekhanov Russian University of Economics. 2015;(6):129-140. (In Russ.) https://doi.org/10.21686/2413-2829-2015-6-129-140
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