Template-Type: ReDIF-Paper 1.0 Author-Name: Alexander Morozov Author-Email: MorozovAG1@cbr.ru Author-Workplace-Name: Bank of Russia, Russian Federation Author-Name: Yulia Ushakova Author-Email: ushakovayuv@cbr.ru Author-Workplace-Name: Bank of Russia, Russian Federation Author-Name: Dmitry Chernyadyev Author-Email: ChernyadevDN@cbr.ru Author-Workplace-Name: Bank of Russia, Russian Federation Author-Name: Andrey Sinyakov Author-Email: SinyakovAA@cbr.ru Author-Workplace-Name: Bank of Russia, Russian Federation Author-Name: Alexey Vasilenko Author-Email: VasilenkoAS@cbr.ru Author-Workplace-Name: Bank of Russia, Russian Federation Title: Exchange rate and competitiveness of the economy Abstract: This policy brief examines the impact the national currency has on quality of life and on the structure of the economy. In particular, the effects on the economy of depreciation or undervaluation of the national currency (as a result of macroeconomic shocks or policies) are analysed. Length: 17 pages Creation-Date: 2017-07 Revision-Date: Publication-Status: File-URL: http://www.cbr.ru/Content/Document/File/107531/analytic_note_06_e.pdf File-Format: Application/pdf File-Function: Number: note4 Classification-JEL: Keywords: Handle:RePEc:bkr:wpaper:note4