Mirkin Yakov
Центральный банк развития [Текст] / Я.М. Миркин // Прямые инвестиции. – 2013. – № 4. – С. 32 – 36.
Publication Type:

 The article gives the analysis of “passive and pessimistic” model of Bank of Russia policy, carried out by the mid-1990s, and the financial imbalances that have arisen on this basis. As an alternative, a model of the "developmental central bank” is proposed, aimed at stimulating economic growth and modernization, along with the achievement of price, exchange rate and financial stability. Recommended policy of "financial development" for CBR instead of targeting selected financial variables.

Keywords: bank of Russia | currency regime | monetary/credit/interest rate policy |

Russian Science Citation Index


Komova Anna
German Monetary and Exchange Rate Policy of the “Economic Miracle”: Growth or Stabilization

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