Economic Crisis and the Russian Debt Problem
... constrain growth, and if prices were to drop below US$60 per barrel, this would spell disaster for the Russian economy. This latter scenario is likely to happen if current declines persist; short-term market price fluctuations, on the other hand, can be covered by financial reserves (i.e. the Nation ...
... constrain growth, and if prices were to drop below US$60 per barrel, this would spell disaster for the Russian economy. This latter scenario is likely to happen if current declines persist; short-term market price fluctuations, on the other hand, can be covered by financial reserves (i.e. the Nation ...
this File - UNT Digital Library
... is often referred to as the “dollarization” of the Russian economy, because it has generally been in the form of Russian residents’ conversion of rubles into dollars for use as currency on the black market or as a means of savings for later conversion back into rubles. It results from citizens’ dist ...
... is often referred to as the “dollarization” of the Russian economy, because it has generally been in the form of Russian residents’ conversion of rubles into dollars for use as currency on the black market or as a means of savings for later conversion back into rubles. It results from citizens’ dist ...
Vladimir Putin`s speech: Mr Naryshkin, esteemed deputies
... 41.421 trillion roubles in 2011, up from 41.277 trillion roubles in 2008. It is just slightly higher than the pre-crisis level. I’ll now report on our results for 2011 and for previous years. I would like to say that we have nothing to be ashamed of because these are good results. I would also like ...
... 41.421 trillion roubles in 2011, up from 41.277 trillion roubles in 2008. It is just slightly higher than the pre-crisis level. I’ll now report on our results for 2011 and for previous years. I would like to say that we have nothing to be ashamed of because these are good results. I would also like ...
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... payment deferrals. President Putin, however, decided that this was too risky a course, and the government’s decision to continue payment allowed Russia to claw its way back to good financial standing - a development obviously facilitated by higher oil prices. 12. International confidence in Russia n ...
... payment deferrals. President Putin, however, decided that this was too risky a course, and the government’s decision to continue payment allowed Russia to claw its way back to good financial standing - a development obviously facilitated by higher oil prices. 12. International confidence in Russia n ...
View/Open
... the population. Demand for imports has been fueled by wealthier Russians’ desire for higher quality and more convenient foods. Exchange rate developments helped as well. Although real (adjusted for inflation) incomes fell in recent years, considerable strengthening of the ruble against the dollar si ...
... the population. Demand for imports has been fueled by wealthier Russians’ desire for higher quality and more convenient foods. Exchange rate developments helped as well. Although real (adjusted for inflation) incomes fell in recent years, considerable strengthening of the ruble against the dollar si ...
INSIDE DEBT
... support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt. But the central bank, keen to show it was not back-tracking on economic reforms, twinned the move with a slight liberalisation of the rates banks p ...
... support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt. But the central bank, keen to show it was not back-tracking on economic reforms, twinned the move with a slight liberalisation of the rates banks p ...
Positive ruble interest rates to raise propensity to save in Russia
... and weaken lending activity, which in turn removes consumption stimuli and restrains inflation. We expect the Bank of Russia to cut its key interest rate from 10% to 8–8.5% in 2017 and further to 5.5% by 2020. On average, nominal interest rates on ruble instruments are to decline faster than inflati ...
... and weaken lending activity, which in turn removes consumption stimuli and restrains inflation. We expect the Bank of Russia to cut its key interest rate from 10% to 8–8.5% in 2017 and further to 5.5% by 2020. On average, nominal interest rates on ruble instruments are to decline faster than inflati ...
Presentation title - Russian Economic and Financial Forum
... Debt Capital Markets for Russian Borrowers Russia-Netherlands Economic Forum ...
... Debt Capital Markets for Russian Borrowers Russia-Netherlands Economic Forum ...
Tauno Tiusanen
... was plenty of demand for Western consumer goods, which had not been available in the communist era and were qualitatively superior in comparison to local alternatives. This shift in demand caused difficulties in many firms in TEs, which started making workers redundant. Thus, there was an obvious da ...
... was plenty of demand for Western consumer goods, which had not been available in the communist era and were qualitatively superior in comparison to local alternatives. This shift in demand caused difficulties in many firms in TEs, which started making workers redundant. Thus, there was an obvious da ...
To view this press release as a file
... monetary accommodation. In Japan, indicators of activity were disappointing this month, and together with the low inflation, they increase the probability for enhanced monetary accommodation there as well. In China, capital outflows are gathering strength due to the uncertainty regarding the economi ...
... monetary accommodation. In Japan, indicators of activity were disappointing this month, and together with the low inflation, they increase the probability for enhanced monetary accommodation there as well. In China, capital outflows are gathering strength due to the uncertainty regarding the economi ...
The 1998 Russian crisis: could the exchange Olivier Basdevant
... (1994) who consider the same causal relation as the one defended in this paper. To analyse the timing of the crisis we propose a new methodology which draws on ideas from the financial econometric literature on ARCH and GARCH modelling and the standard macro-economic literature on stochastic simulat ...
... (1994) who consider the same causal relation as the one defended in this paper. To analyse the timing of the crisis we propose a new methodology which draws on ideas from the financial econometric literature on ARCH and GARCH modelling and the standard macro-economic literature on stochastic simulat ...
Full Text
... measured by the Transition Indicator resumed in 2006-07 after a hiatus in 2004–05.12 Finally, the NMS-10 clearly outperforms all the other groupings, as one should expect. It is possible to identify the specific reform areas in which Russia underperforms (not shown in Figure 3 above): these are comp ...
... measured by the Transition Indicator resumed in 2006-07 after a hiatus in 2004–05.12 Finally, the NMS-10 clearly outperforms all the other groupings, as one should expect. It is possible to identify the specific reform areas in which Russia underperforms (not shown in Figure 3 above): these are comp ...
Stockholm Institute of Transition Economics Russia`s Oil - S
... The chapter first details exactly how important international oil prices are for the economic fate of Russia. The subsections in the first part deal with how difficulties in forecasting ...
... The chapter first details exactly how important international oil prices are for the economic fate of Russia. The subsections in the first part deal with how difficulties in forecasting ...
Office of the Spokesperson and Economic Information
... dollar, and industrial production expanded moderately. The Fed Chair repeated the assessment that the Federal Reserve is likely to increase the interest rate this year. In the eurozone, the deterioration of the crisis in Greece did not have a marked negative impact on economic activity or on financi ...
... dollar, and industrial production expanded moderately. The Fed Chair repeated the assessment that the Federal Reserve is likely to increase the interest rate this year. In the eurozone, the deterioration of the crisis in Greece did not have a marked negative impact on economic activity or on financi ...
Lukoil - NYU Stern
... Ruble Crisis of 1997 • Initially triggered by Asian Financial Crisis • Government defaulted on debt and lacked hard currency to pay out to citizens • Plan to stabilize economy via currency devaluation failed • As a result, amount of tangible goods in stores disappeared rapidly • Despite problems, LU ...
... Ruble Crisis of 1997 • Initially triggered by Asian Financial Crisis • Government defaulted on debt and lacked hard currency to pay out to citizens • Plan to stabilize economy via currency devaluation failed • As a result, amount of tangible goods in stores disappeared rapidly • Despite problems, LU ...
Russian economy - European Parliament
... 3.1.1. The danger of reliance on natural resources Reliance on natural resources can, however, be dangerous. For a start, oil and gas wealth has made it easier for the Russian government to avoid carrying out the economic and political reforms needed to modernise the country. Without these reforms, ...
... 3.1.1. The danger of reliance on natural resources Reliance on natural resources can, however, be dangerous. For a start, oil and gas wealth has made it easier for the Russian government to avoid carrying out the economic and political reforms needed to modernise the country. Without these reforms, ...
Overview prepared by
... The first key question is how critically will the new Greek currency (drachma) deprecate? The most extreme estimate is the current discount which is applied by the ECB for Greek bonds as part of ELA, namely 45% (according to Bloomberg). This rate may be considered probable in the case of recalculati ...
... The first key question is how critically will the new Greek currency (drachma) deprecate? The most extreme estimate is the current discount which is applied by the ECB for Greek bonds as part of ELA, namely 45% (according to Bloomberg). This rate may be considered probable in the case of recalculati ...
Russia`s Economic Engagement with Africa
... and more than three-fourths of its oil and gas exports went to Europe. Oil and gas account for 30 percent of Russia’s GDP, and constitute more than 40 percent of government revenues. While the recent high oil prices are projected to keep the current account in surplus (peaking at US$ 103.7 billion i ...
... and more than three-fourths of its oil and gas exports went to Europe. Oil and gas account for 30 percent of Russia’s GDP, and constitute more than 40 percent of government revenues. While the recent high oil prices are projected to keep the current account in surplus (peaking at US$ 103.7 billion i ...
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... nation, entitled: “On Russia’s Strategy of Development until 2020”. The President bragged at length about “everything that was done during these eight years”, but he seemed unaware that it boiled down to one single achievement – an economic growth of 7 percent a year, but that growth record puts Rus ...
... nation, entitled: “On Russia’s Strategy of Development until 2020”. The President bragged at length about “everything that was done during these eight years”, but he seemed unaware that it boiled down to one single achievement – an economic growth of 7 percent a year, but that growth record puts Rus ...
The single most interesting thing about the global economy today is
... happened. Oil prices have soared to near historic highs. The historic high of oil prices that occurred in 1979 was just over $100 a barrel in today’s dollars. In recent weeks, oil prices have approached that historic high again. Second, the sub-prime meltdown continues to play itself out. For all th ...
... happened. Oil prices have soared to near historic highs. The historic high of oil prices that occurred in 1979 was just over $100 a barrel in today’s dollars. In recent weeks, oil prices have approached that historic high again. Second, the sub-prime meltdown continues to play itself out. For all th ...
The impact of the new ruble crisis on Russian FDI
... In June 1998, interest rates were hiked to 150%. On 16 December 2014, the central bank increased its key interest rate from 10.5% to 17%. Both attempts prompted inflation and a drop in GDP. ...
... In June 1998, interest rates were hiked to 150%. On 16 December 2014, the central bank increased its key interest rate from 10.5% to 17%. Both attempts prompted inflation and a drop in GDP. ...
National and Multilateral DFIs in Russia and the impact of the BRICS
... banks to assess development progress in a particular region as a whole, as well as contributions to regional or global development. These progress assessments are based on project-level data presented in the banks’ project completion reports. The introduction of a similar system for Russia’s develop ...
... banks to assess development progress in a particular region as a whole, as well as contributions to regional or global development. These progress assessments are based on project-level data presented in the banks’ project completion reports. The introduction of a similar system for Russia’s develop ...
Financial focus
... the median selling price of a US house in February (US$156,100) was the lowest since February 2002, and prices have not bottomed yet. The Wall Street Journal's poll of forecasters is picking house prices to drop by one percent this year, and to rise only very modestly, by two percent, in 2012. Other ...
... the median selling price of a US house in February (US$156,100) was the lowest since February 2002, and prices have not bottomed yet. The Wall Street Journal's poll of forecasters is picking house prices to drop by one percent this year, and to rise only very modestly, by two percent, in 2012. Other ...
Заголовок слайда отсутствует
... How has what you have heard or read about Russia in the media in the past 12 months made you feel about the country’s investment climate? Current Investors ...
... How has what you have heard or read about Russia in the media in the past 12 months made you feel about the country’s investment climate? Current Investors ...
27 January 2017 Global developments Government bond yields, the
... Asian stocks are higher: Nikkei 225 is up 0.3% and China’s CSI 300 up 0.4%. Oil prices are 1.4% lower at $55.4/bbl (Brent) in the wake of weak US GDP data. Algeria’s Energy Minister said today that oil producers are due to reach 1.8 mn bbl/day output reduction target already next month. Russia and C ...
... Asian stocks are higher: Nikkei 225 is up 0.3% and China’s CSI 300 up 0.4%. Oil prices are 1.4% lower at $55.4/bbl (Brent) in the wake of weak US GDP data. Algeria’s Energy Minister said today that oil producers are due to reach 1.8 mn bbl/day output reduction target already next month. Russia and C ...