title: The “Sudden” Transition to the Free Floating Exchange Rate Regime in Russia in 2014
metadata.name: dc.contributor.author
metadata.value: Gilenko, Evgenii
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-06-08T11:31:49Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-06-08T11:31:49Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2017-06-01
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Journal of Reviews on Global Economics
metadata.lang: en_GB
metadata.name: dc.identifier.issn
metadata.value: 1929-7092
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/6469
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The events of the fall of 2014 in the Russian currency market forced Bank of Russia to change the exchange
  rate regime in the national economy. In this study we show that in 2014 the regulator was trying to protect ruble (the Russian national currency) against a massive speculative attack, actively spending its international reserves, but the interventions proved quite ineffective. Moreover, the peculiarity of the structure of these reserves dictated a very limited range of maneuver for the central bank, forcing it to switch to the free floating exchange rate regime in the first half of November, 2014 – an important event, which, actually, could have been predicted by the lay experts on the basis of publically available information and application of simple econometric models. Noteworthy to say that, although not expectedly to the lay population, this switch of the exchange rate regime was done by Bank of Russia quite timely.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: Lifescience Global
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: 6;
metadata.lang: -
metadata.name: dc.subject
metadata.value: International reserves, adequacy rules, currency interventions, econometric modeling and forecasting
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The “Sudden” Transition to the Free Floating Exchange Rate Regime in Russia in 2014
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: Gilenko (2017) The “Sudden” Transition to the Free Floating Exchange Rate Regime in Russia in 2014.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/6469/1/Gilenko%20%282017%29%20The%20%e2%80%9cSudden%e2%80%9d%20Transition%20to%20the%20Free%20Floating%20Exchange%20Rate%20Regime%20in%20Russia%20in%202014.pdf
resources.format: Adobe PDF
resources.description: Main paper
resources.size: 621,05 kB