Weaknesses of Strong Ruble
Abstract
The article describes the macroeconomic consequences of the overvalued ruble policy (1996-2010s). It explains the impact of carry trade on financial crises in 1998, 2008-2009, 2014. The five scenarios of future financial crises are discussing. Reveals the “formula” of New Course macroeconomic and financial policy that includes, as an element, a moderately weak ruble.
About the Authors
Y. M. Mirkin
National Research Institute of World Economy and International Relations
Russian Federation
Russian Federation
I. V. Dobashina
Financial University
Russian Federation
Russian Federation
Review
For citations:
Mirkin Y.M., Dobashina I.V. Weaknesses of Strong Ruble. The world of new economy. 2017;(3):72-80. (In Russ.)
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