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Title: | Central Banks policy under sanctions: critical assessment of the Central Bank of the Russian Federation experience |
Authors: | Брітченко, Ігор Геннадійович Shapran, Vitaliy Britchenko, Igor |
Keywords: | credit markets, development markets, inflation, inflation target, monetary policy, monetary regime, monetary transmission, prime rates, sanctions |
Issue Date: | 28-Mar-2022 |
Publisher: | VUZF review |
Citation: | Shapran, V., Britchenko, I. (2022). Central Banks policy under sanctions: critical assessment of the Central Bank of the Russian Federation experience. VUZF Review, 7(1), 6-13. https://doi.org/10.38188/2534-9228.22.1.01 |
Abstract: | The article provides a critical assessment of The Central Bank of the Russian Federation policy in response to the sanctions of the US, the EU, the UK, Switzerland, Japan, South Korea and a number of other countries. The effect of sanctions on the Russian economy and its financial market is viewed through the prism of credit, interest rate, and currency risk, and the risk of a decline in business activity. Special attention is paid to the inflationary component and inflationary expectations of the Russian Federation, as well as to the forecasts for a decline in business activity in Russia. A critical assessment is given to the actions of the Central Bank of the Russian Federation and the economic bloc of the government of the Russian Federation as a whole in response to the sanctions of the civilized world, which disable the normal existence of the economy and the main purpose of which is not to destroy the economy of the Russian Federation but to ensure the end of hostilities on the European continent. The results of our study will be useful to everyone who studies the problems of the effect of economic sanctions on the resource-based economy and the processes of stimulating political decisions by economic methods. |
Description: | The article provides a critical assessment of The Central Bank of the Russian Federation policy in response to the sanctions of the US, the EU, the UK, Switzerland, Japan, South Korea and a number of other countries. The effect of sanctions on the Russian economy and its financial market is viewed through the prism of credit, interest rate, and currency risk, and the risk of a decline in business activity. Special attention is paid to the inflationary component and inflationary expectations of the Russian Federation, as well as to the forecasts for a decline in business activity in Russia. A critical assessment is given to the actions of the Central Bank of the Russian Federation and the economic bloc of the government of the Russian Federation as a whole in response to the sanctions of the civilized world, which disable the normal existence of the economy and the main purpose of which is not to destroy the economy of the Russian Federation but to ensure the end of hostilities on the European continent. The results of our study will be useful to everyone who studies the problems of the effect of economic sanctions on the resource-based economy and the processes of stimulating political decisions by economic methods. |
Type: | Text |
Publication type: | Стаття |
URI: | https://dspace.uzhnu.edu.ua/jspui/handle/lib/39854 |
ISSN: | 2534-9228 |
Appears in Collections: | Наукові публікації кафедри фінансів і банківської справи |
Files in This Item:
File | Description | Size | Format | |
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243-Article Text-723-1-10-20220328.pdf | стаття | 238.86 kB | Adobe PDF | View/Open |
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