Major factors of the monetary formation off er in Russian Federation: 2007 – the first half 2011

Authors

  • Pavel Vyacheslavovich Trunin The Russian Presidential Academy of National Economy and Public Administration

Keywords:

Monetary policy, exchange rate policy, money supply, inflation targeting

Abstract

The article analyses the factors influencing money supply in Russia in the period of 2007 – 2011. Special attention is given to the Central Bank’s intervention in the foreign exchange market which was the main channel of the monetary base changes up to 2009. The author shows that during the post-crisis period the Bank of Russia substantially reduced its foreign exchange intervention, carrying out a smoothing of the ruble exchange rate fluctuations. This exchange rate policy is consistent with the Bank’s of Russia goal of implementing inflation targeting.

Author Biography

Pavel Vyacheslavovich Trunin, The Russian Presidential Academy of National Economy and Public Administration

Candidate of Economic Sciences

Work place, position: The Russian Presidential Academy of National Economy and Public Administration, Center of studying of problems of the central banks, Chief Researcher

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Published

2024-02-08

How to Cite

Trunin, P. V. (2024). Major factors of the monetary formation off er in Russian Federation: 2007 – the first half 2011. Russian Foreign Economic Journal, (4), 111–121. Retrieved from https://journal.vavt.ru/rfej/article/view/1207

Issue

No. 4 (2012)

Section

Финансовые проблемы

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