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flows from EMEs, including the BRICS, with its attendant disruptions in the exchange rate and related markets. III. Fiscal: A Ballooning Fiscal Imbalance Tracing a

REAL EFFECTIVE EXCHANGE RATE Chart 3 CURRENT ACCOUNT BALANCE Chart 4 IN PERCENT, YEAR-ON-YEAR IN PERCENT OF GDP REAL EFFECTIVE Размер EXCHANGE графика RATE INDEX

currencies and financial instruments whose values depend on the digital currencies’ rates of exchange. Earlier, the Bank of Russia recommended refraining from the investment in

global, worsen forecast accuracy. Instead, such predictors as inflation expectations, real effective exchange rate gap, and capacity utilisation improve it, even in the times of

global, worsen forecast accuracy. Instead, such predictors as inflation expectations, real effective exchange rate gap, and capacity utilisation improve it, even in the times of

Inflation targeting regime with 4% medium-term target rate 2001 – Law on AML/CFT – Introduction of a floating exchange rate regime – Approval of a new corporate

in October. About 40% of respondents take into account the national currency exchange rate as they shape their inflation expectations. The estimates of the balance

are generally interested in making fixed payments to non-residents through interest rate swaps in exchange for floating proceeds. For SICIs, this ability is extremely important