Reasons for post-sanctions ruble devaluation and the problem of its exchange rate optimization

Kapkanshchikov, S.; Капканщикова, С В

doi:10.24891/fc.24.8.1767

2018

DOI: 10.24891/fc.24.8.1767

|View full text |Cite

Reasons for post-sanctions ruble devaluation and the problem of its exchange rate optimization

S. Kapkanshchikov¹,

С В Капканщикова²

Abstract: a доктор экономических наук, профессор, заведующий кафедрой экономической теории, Институт экономики и бизнеса, Ульяновский государственный университет, Ульяновск, Российская Федерация kapkansg@yandex.ru https://orcid.org/0000-0001-9459-5516 SPIN-код: 3763-8142 b кандидат экономических наук, доцент, заведующая кафедрой таможенного дела и правового регулирования внешнеэкономической деятельности, Ульяновский государственный университет, Ульяновск, Российская Федерация kapkansv@mail.ru https://orcid.org/0000-0001… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2020

2021

Publication Types

Select...

Article2

Relationship

Self Cite0

Independent2

Authors

Journals

Cited by 2 publications

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Institutional Changes in the Economy of the Far East: Imitation of a New Stage

Serikov

2020

Vestnik universiteta

View full text Add to dashboard Cite

The manifestations and consequences of the search for new impulses of the socio-economic development of the Russian Far East, confirming the invariability of the course towards the creation of new development institutions have been considered. The management decisions made in terms of their economic efficiency and implementation prospects have been evaluated. The actions of the transfer of the «capital» of the Far East from Khabarovsk to Vladivostok, the development of a national program for the development of the Far East until 2025 and for the future until 2035, as well as the expansion of the Far Eastern Federal District through the annexation of the Trans-Baikal Territory and the Republic of Buryatia, have been considered in detail.

show abstract

Institutional Changes in the Economy of the Far East: Imitation of a New Stage

Serikov

2020

Vestnik universiteta

View full text Add to dashboard Cite

show abstract

Once Again About the Negative Synergy of the Destructive Policy of the Russian Monetary Authorities

Kapkanshchikov

2021

Ross. èkon. ž.

View full text Add to dashboard Cite

The article discloses an interconnected set of strategic defects in the regulatory activities of the Bank of Russia in cooperation with the Ministry of Finance, which predetermine the significant contribution of the neoliberal financial and credit policy pursued by them both to the development of an autonomous recession and the aggravation of the coronary crisis in our country. Based on a comparative analysis of the post-default and post-sanction devaluation of the ruble, a conclusion is made about the predominantly negative impact of the latter on the dynamics of Russian GDP and on inflationary processes in the country. The premature transition of the central bank to inflation targeting and, especially, to the free-floating ruble regime, the leading beneficiaries of which are disclosed commodity exporters, financial speculators and the Ministry of Finance, have been critically examined. The continued dominance of the foreign exchange channel in the Bank of Russia’s issuing activities over the credit channel and the inability of the financial authorities to cover the budget deficit through monetary financing are regarded as decisive factors preventing overcoming the coronavirus crisis on the way to a reasonable diversification of the domestic economy. The unjustified transition already in 2021 to a super-tight monetary and fiscal policy, which does not fit into the global practice of anti-crisis regulation, is seen as a kind of renaissance of the false monetarist approach in the activities of leading Russian regulators, their traditional reliance on the quantitative theory of money and the ensuing desire to overcome cost inflation using methods characteristic of combating demand inflation. As the end result of the noted manifestations of the fiasco of the Russian state in the money market, an extremely low coefficient of monetization of the domestic economy is considered, which prevents its breakthrough high-quality growth in the foreseeable future.

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Reasons for post-sanctions ruble devaluation and the problem of its exchange rate optimization

Cited by 2 publications

References 0 publications

Institutional Changes in the Economy of the Far East: Imitation of a New Stage

Institutional Changes in the Economy of the Far East: Imitation of a New Stage

Once Again About the Negative Synergy of the Destructive Policy of the Russian Monetary Authorities

Contact Info

Product

Resources

About