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Firms’ Debt: Currency Choice and
Exchange Rate Pass-Through
Anna Burova Konstantin Egorov Dmitry Mukhin
burovaab@mail.CBR.ru kegorov@NES.edu dmukhin@Wisc.edu
Financial
exchange rate for 2000-2013. For each trading partner we constructed
corresponding annual nominal exchange rates provided by the Bank of Russia. Annual nomi-
nal exchange
pass-through of the exchange rate to prices, care
must be taken of which shock caused changes in the exchange rate.
SHOCK-DEPENDENT EXCHANGE RATE PASS-THROUGH IN
to
undervalue the real exchange rate through operations on the foreign exchange market usually end
in failure. The real exchange rate grows stronger nonetheless, but
106
26.03.2020
Bank of Russia to set and publish exchange rates against ruble and official prices for precious metals, calculate and publish MIACR interest rates
26 March
108
24.05.2019
Inflation targeting and exchange rate flexibility are key growth enablers for Russian economy, IMF says
24 May 2019
Press release
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Between
110
18.12.2018
displaying exchange rate information
18 December 2018
News
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The draft ordinance sets out the requirements for providing information on exchange rates.