haku: @indexterm Russia / yhteensä: 841
viite: 584 / 841
| Tekijä: | Petrakov, N. Manevich, V. Perlamutrov, V. |
| Otsikko: | How monetary policy should support investment |
| Lehti: | Russian and East European Finance and Trade
1997 : SEP-OCT, VOL. 33:5, p. 70-95 |
| Asiasana: | INVESTMENT RUSSIA MONETARY POLICY |
| Kieli: | eng |
| Tiivistelmä: | Supporting the ruble's exchange rate and purchasing power cannot be the only goal of monetary policy. The idea is that such stability should create the most favourable conditions for the normal functioning of the national economy and economic growth. Thus, the ruble's stability cannot be achieved at the cost of economic decline, especially since securing such true stability if this decline continues is not realistic. Moreover, stabilizing the exchange rate of the national monetary unit under conditions of economic decline and inflation, has negative rather than positive consequences. |
SCIMA