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still hard to assess.
The inflation targeting policy reduces the effect of exchange rate pass-through to prices,
lengthening the duration of this pass-through.
As a
984
24.11.2020
while converting merchandise values to a single currency, countries may use different exchange rates;
c) geographical classification of transactions in the case of imports of
financial intermediaries, and cross-border capital flows.
Moreover, they show that a floating exchange rate regime does not insulate an economy
from these spillovers. Gerko and
Chart 10
(02.01.2018 = 100)
Размер графика – 2x60х82
EXCHANGE RATES IN ADVANCED ECONOMIES* EXCHANGE RATES IN EMERGING MARKET ECONOMIES*
115 120
110 110
105
stability, the economy demonstrates better resilience to external shocks.
FLOATING EXCHANGE RATE REGIME
An exchange rate regime, under which the central bank does not set
Exchange Rates and Reference Prices of Precious Metals
3.2.1. Official Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 84
3.2.2. Official Exchange
channel Interest rate and credit channels Foreign exchange channel Factors outside the direct impact of monetary policy
for 2021 – 2023
Interbank rates Exchange rate
Asset
conomic factors we take such variables, as:
• real GDP growth,
• key rate,
• exchange rate,
• oil price (due to specificity of Russian economy).
Addressing the problem