Search results

in the main and reserve portfolios. The Bank of Russia implements initiatives from the main portfolio, whereas proposals from the reserve portfolio are taken into

30 September 2018 reserves for life insurance contracts reached 816.7 billion rubles, or 46.6% of the total amount of insurers’ reserves. At the

2018, emerging markets (EM) faced capital outflows as the U.S. Federal Reserve continued the normalization of its monetary policy, the global economy suffered growth

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

A change in reserves, , is described by the equation which implies the absence of the rule: 1 = (21) ( ) where is a reserves shock, is the

Federal Reserve Board of Governors. Correa, R., T. Paligorova, H. Sapriza, and A. Zlate (2015): “Cross-Border Bank Flows and Monetary Policy,” Tech. rep., Federal Reserve

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

53 -55 Capital account 0 0 0 0 0 Financial transactions account (reserve assets excluded) -14 -72 -19 -11 -8 Public administration and central banks

495 771-91-00, +7 495 621-64-65 (fax) Website www.cbr.ru All rights reserved. This note expresses the authors’ personal opinions and does not necessarily reflect

December 2018 has been released. The Information Notices section presents the required reserves averaging schedule for 2019. The Bulletin publishes the Bank of Russia Board