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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

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

S. import prices: some new evidence. Board of Governors of the Federal Reserve System, International Finance Discus- sion Paper, No. 832. Olivei, G. (2002). “Exchange

495 771-91-00, +7 495 621-64-65 (fax) Website: www.cbr.ru All rights reserved. The views expressed in this paper are solely those of the authors

expected? Another question, if I may. Have you discussed the revision of reserve ratios by the People’s Bank of China by 50–100 bp

and capital account balance 112 83 56 39 28 Financial account (excluding reserve assets) 77 20 19 14 14 Government and the central bank 9

expected? Another question, if I may. Have you discussed the revision of reserve ratios by the People’s Bank of China by 50–100 bp

savings grew by 2.6% to 2.7 trillion rubles, and pension reserves exceeded 1.3 trillion rubles (+2.7%). The growth of pension funds

the Bank of Russia Research Advisory Board and external reviewers. All rights reserved. The views expressed in this paper are solely those of the authors

for other related purposes. Reserve assets consist of monetary gold, special drawing rights, reserve position in the IMF, and other reserve assets (currency and deposits,