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bn Reserves, $bn Developed countries Emerging countries Russia 800 120% 109% External debt/GDP = 28% 98% 700 636.4 Reserves/GDP = 31% 100% Reserves cover

and cash settlement centres of the exchange securities market; credit institutions’ required reserves in accounts in Russian rubles and foreign currency, deposited with the Bank

purchases of foreign assets and redemption of external liabilities. Growth of international reserves due to transactions recorded in the balance of payments is still supported

regulation of banks’ required reserves with the Bank of Russia 0.0 0.0 0.0 2. Change in free bank reserves (correspondent accounts)*** (demand

in which the asset requirements only refer to the amount of insurance reserves and the insurer’s equity, the new document factors in all the

issues: 1. Structural specifics of reserve assets of the Bank of Russia and participating central banks 2. Principles of reserve management organisation at the Bank

3 66 Required Reserves Ratios (percent) Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio on

Required reserves Required reserves calculate a required period duration daily balances to be averaged recorded to reserve amount for a (days) Reporting period Required reserves

and analyzing aggregate fluctuations: the importance of building from microeconomic evidence //Federal Reserve Bank of St. Louis Review. – 1997. – Т. 79. – № 3. – С. 55. 16.