Анализ факторов динамики обменного курса рубля

Trunin, Pavel and Knyazev, Dmitriy and Kudykina, Ekaterina (2010): Анализ факторов динамики обменного курса рубля. Published in: ИЭПП No. 144Р (November 2010)

Abstract

Analysis of fundamental factors of the CBR’s exchange rate lay at the basis of this publication. The authors review papers which address problems of index construction of real effective exchange rate as well as models of evaluation of the real equilibrium exchange rate. They also analyze various versions of index construction for the CBR’s exchange rate and evaluate real “equilibrium” Ruble exchange rate.

• Item Type: MPRA Paper
• English Title: Perspective issues in the CBR`s exchange rate policy
• Language: Russian
• Keywords: equilibrium exchange rate, effective rate, central bank
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes; F - International Economics > F3 - International Finance > F31 - Foreign Exchange

References

Edwards S. Real and Monetary Determinants of Real Exchange Rate Behavior: Theory and Evidence from Developing Countries. Chapter 4 in Estimating Equilibrium Exchange Rates / ed. by J. Williamson. Washington, Institute for International Economics, 1994.

Egert B., Halpern L., MacDonald R. Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues // Journal of Economic Surveys. 2006. Vol. 20. P. 257–268.

Williamson J. Exchange rate management // Economic Journal. 1993. Vol. 103. P. 188–197.