November issue of Money and Credit journal published
The eleventh 2016 issue covers the following topics:
Bank of Russia Deputy Governor Vasily Pozdyshev analyses in detail the key changes in the regulation of banking risks in Russia related to the process of its assessment for compliance with Basel standards with special attention given to further prospects for the implementation of Basel agreements in our country.
Olga Kuznetsova and Sergey Merzlyakov from the macroeconomic analysis laboratory of the National Research University - Higher School of Economics assess the efficiency of the Bank of Russia’s communication policy under inflation targeting environment. The authors conclude that the use of new communication policy instruments adds to its transparency and confidence in Bank of Russia actions from companies and households.
‘Unconventional’ Monetary Policy: Methods and Results
Valentin Usoskin, Professor of the Primakov National Research Institute of World Economy and International Relations under the Russian Academy of Sciences, analyses in detail the efficiency of the policy of mass FX interventions of Western central banks and speculates on the prospects of using such monetary regulation methods.
