Russian devaluation in 2014–2015: Falling into the abyss or a window of opportunity?
Falling oil prices are leading to a reduction in domestic demand and lowering of the ruble exchange rate, thus enhancing the price competitiveness of Russian producers and stimulating the supply side of the economy (especially in foreign markets unaffected by the recession). Indeed, all of this crea...
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| Format: | Article |
| Language: | English |
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Voprosy Ekonomiki
2015-09-01
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| Series: | Russian Journal of Economics |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405473915000379 |