Russia
Back in the USSR?
Bank of Finland research finds that after 20 years of experimenting with private financial intermediation, Russia appears to be backtracking towards a state-run credit system.
IMF on Russia’s links with the rest of the CIS
Growth in other CIS countries closely associated with developments in Russia
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
Bank of Russia – Banking Supervision Report 2008
Central bank governor says Russian banks must urgently make provisions and raise additional capital
India buys 200 tonnes of IMF gold
The Reserve Bank of India purchases just under half of the IMF’s sale quota for $6.7 billion
How competition influences bank failures
Bank of Finland uses evidence from Russia to investigate link between competition and failure
Russia cuts for fifth time in four months
Bank of Russia lowers policy rate by 25 basis points in effort to stimulate bank lending
Banks’ capitalisation matters for monetary policy
Bank of Finland looks at the role of the banking sector in the monetary-policy transmission mechanism in an emerging economy with a rapidly developing financial system
High oil prices lift output of exporting economies
Bank of Finland research finds that for Iran, Kazakhstan, Venezuela, and Russia oil price positively affects output growth
Russia’s regional banks don’t utilise local info
Bank of Finland shows that local banks in Russia do not possess a superior ability to deal with information asymmetries
Central Bank of Russia - Annual Report 2007
The Central Bank of Russia notes the work done in 2007 to stabilise the rouble, improve and strengthen the country's banking system, and upgrade and ensure the effectiveness of the payment system in its latest Annual Report.
Kremlin wants revamp of SDR basket
The Kremlin has called for a radical shift in the composition of the basket of assets that comprise the special drawing right (SDR).
Russia could float rouble next year
The rouble may switch to a free float before 2011, a senior official at the country's central bank said at the weekend.
Russia cuts for second time in a month
The Central Bank of Russia chopped a half point off its key rate on Wednesday, little more than a fortnight after its last cut.
Rouble at fresh low as devaluation continues apace
The rouble slumped to a record low against the greenback on Thursday as the country's central bank stepped up its devaluation of the currency.
Rouble's slide continues
The Russian central bank on Thursday allowed the rouble to depreciate further, as the drain on its foreign reserves continued unabated.
Russia hikes to strengthen rouble
The Central Bank of Russia has raised its key rate by a full percentage point to a three-year high in a bid to shore up the battered rouble.
Russia raises rates to help the rouble
Russia's central bank has hiked its key interest rate by 100 basis points to 12% in an attempt to reduce an outflow of money and curb the decline in the value of the rouble.
Russia's Ignatiev signals loosening of rouble peg
The head of Russia's central bank on Monday indicated Moscow could loosen its grip on its exchange rate regime.
Russia in currency-swap clampdown
With rouble under increasing strain, the Central Bank of Russia has announced stringent new limits on the maximum amount of currency swaps that may be traded each day.
Russian reserve requirements cut to 0.5%
The Central Bank of Russia on Tuesday slashed its reserve requirements to 0.5%, a move which analysts say could add $2.7 billion-worth of liquidity into the system.
Russian economy may remain lethargic: BoF
If the credit turmoil persists, the Russian financial market is likely to remain lethargic, says a new article by the Bank of Finland.