Sanctions and the Exchange Rate

Abstract Stabilising the exchange rate allows the Russian government to anchor inflation expectations and support consumption but comes at the cost of the financial repression of domestic savers.

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Bibliographic Details
Main Authors: Oleg Itskhoki, Dmitry Mukhin
Format: Article
Language:English
Published: Springer 2022-06-01
Series:Intereconomics
Online Access:https://doi.org/10.1007/s10272-022-1050-9
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Summary:Abstract Stabilising the exchange rate allows the Russian government to anchor inflation expectations and support consumption but comes at the cost of the financial repression of domestic savers.
ISSN:1613-964X