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RENAISSANCE (Bank of Russia Registration No. 1939, date of registration — 26 June 1992) from 14 December 2015. The reference to the Press Service is mandatory

BANK (Bank of Russia Registration No. 1961, date of registration — 21 July 1992) (Order No. OD-3290, dated 24 November 2015) the Bank of Russia took

Bank of Russia registration No. 1961, date of registration is 21 July 1992) from 24 November 2015. The reference to the Press Service is mandatory

эффект получил название гистерезиса, или «эффекта храповика» (ratchet effect) (Calvo and Vegh, 1992). В настоящий момент в зависимости от функций денег, которые поддаются замеще- нию,

January February March April May June July August September October November December 1992 – – – – – – 0.1612 0.2050 0.2540 0.3980 0.4470 0.4145

NOSTA (Bank of Russia Registration No. 1738, date of registration — 30 March 1992) from 16 November 2015. The reference to the Press Service is mandatory

Region) (Bank of Russia Registration No. 1738, date of registration — 30 March 1992) (Order No. OD-3179, dated 16 November 2015) the Bank of Russia decided

Bank of Russia registration No. 1946, date of registration is 6 July 1992) (Order No. OD-2985, dated 2 November 2015), the Bank of Russia took

Bank (Bank of Russia Registration No. 1946, date of registration — 6 July 1992) from 2 November 2015. The reference to the Press Service is mandatory

EUROCOMMERCE (Bank of Russia Registration No. 1777, date of registration — 20 April 1992) from 23 October 2015. The reference to the Press Service is mandatory