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in the
food industry, metallurgy, production of coke and oil products (Figure 18). The
manufacturing sector remains heavily affected by investment demand industries. There
was
revenue
2009 20.9 18.1 18.3 18.9
as % of GDP 2010 20.4 19.8 18.8 18.5
2011 21.0
of
1.01.17 1.01.18 1.04.18 1.07.18 1.09.18 1.10.18
Overnight loans 0.0 0.0
0 29 0
Ryazan Region 109 7 100 15 82 18 56 18 83 18
Smolensk Region 149 14 127 15 134 11 90 11
those who have relatively flexible exchange rates. In contrast, Rey (2015, p.
18) suggests that “cross-border flows and leverage of global institutions transmit monetary
conditions
4
North Caucasian
Federal District 100 18.9 0.1 2.3 10.7 4.7 8.4 18.1 1.2 12.3 0.