ECONS
Economic
Conversations
Русский
Sign in
  • Economics
  • Finance
  • Monetary Policy
  • Financial Stability
    • PROstability Blog
  • Supervision
  • FinTech
  • Opinions
  • Video
  • About the project
  • Our authors
  • Editors
  • Subscribe
  • Russian Journal of Money and Finance
  • Economics
  • Finance
  • Monetary Policy
  • Financial Stability
    • PROstability Blog
  • Supervision
  • FinTech
  • Opinions
Money and Finance
Opinions
Economics

The New Life of the Economy: Four Stages

Alexander Morozov

In March, the Russian economy entered a downturn phase triggered by the impact of all-out foreign trade and financial sanctions and restrictions. If they continue, the economy will lose some of its potential, and the recovery will be protracted.

Opinions
Finance

ETF: the Good, the Bad and the Ugly

Sergey Moiseev

Exchange-traded funds (ETFs) are gradually supplanting all other types of funds in the financial market. Their rampant growth makes it simpler for millions of investors to enter markets. However, their expected dominance might have effects that are yet to be explored.

Economics
Longread

David Card: ‘They thought that we were being traitors to the cause of economics as a whole.’

Boris Grozovsky

It was by chance that David Card, the 2021 Nobel Prize winner, became an economist. Academic journals turned down his works, and his friends thought he had broken up the foundations of economic theory. But if a theory doesn’t fit the evidence, there must be an alternative theory.

Finance
Opinions

Russian Investors and Foreign ETFs

Mikhail Mamuta, Sergey Moiseev

From 2022 on, Russian retail investors will be allowed to buy foreign exchange-traded funds (ETFs). This regulatory decision tackles several objectives, from making investments more balanced to encouraging competition among asset management companies.

Financial Stability
PROstability Blog

Crypto Ecosystems and the ‘Rules of the Road’

Ksenia Yudaeva

As cryptocurrencies and other digital financial assets gain popularity, regulators are increasingly alarmed about the potential risks to financial stability they bring. Additional steps are needed to ensure that money surrogates are not used for payments.

Opinions
Economics

Europe’s Energy Crisis

Marcel Salikhov

There has never been such expensive gas in Europe as recently: over the 12 months up to the end of November, prices increased more than 5-fold. The situation raises the question of whether this crisis is temporary or it signifies structural problems in the energy markets.

Economics
Opinions

Here Comes Uber: How Ride-Hailing Apps Change Traffic

Ivan Korolev

Uber and Lyft once promised to replace personal cars and do away with traffic congestion. However, some municipal authorities believe that these services have only exacerbated traffic jams. Research shows that their impact on road traffic depends on the ‘design’ of cities.

Financial Stability
PROstability Blog

Direct Quantitative Restrictions: Why Limit High-Risk Loans?

Ksenia Yudaeva

Direct quantitative restrictions, or macroprudential limits, are a limitation of the share of high-risk loans in new lending by banks. These measures help to prevent the accumulation of borrower risks and thereby reduce the risks of the financial sector.

Economics

The Five Stages of Perception of the Pandemic

Lyudmila Presnyakova, Natalya Gashenina

Russians have passed through several stages in their emotional feelings during the corona crisis: fear and respite gave way to a return of tension, which is ongoing. For all the stress that an uncertain future has caused people, a certain adaptation to the pandemic can be seen.

Most popular

Crypto Ecosystems and the ‘Rules of the Road’
Direct Quantitative Restrictions: Why Limit High-Risk Loans?
Ruben Enikolopov: ‘We will live in a platform-dominated world’
‘Don’t Get Me Wrong’: the Central Bank’s Language
Monetary Policy for an Equitable Society
The Future of Capitalism: The Evolution of Homo Economicus

Researches of the Bank of Russia

Credit market Measuring Heterogeneity in Banks’ Interest Rate Setting in Russia
Export strategy What is hindering Russian exports: the results of a survey of enterprises
Forecasting performance Forecasting Russian CPI with data Vintages and Machine learning techniques
Risk assessment How Do Investors Prefer Banks to Transit to Basel Internal Models: Mandatorily or Voluntarily?
Macroprudential policy Analysis of systemic risks in macroprudential stress testing
ECONS
Economic
Conversations
  • About the project
  • Contacts
  • Our authors
  • Subscribe
  • Editors
Банк России

All the articles and opinions published on Econs.online do not reflect the view of the Bank of Russia and may differ from it.

© 2022 Bank of Russia. All rights reserved.

Any use of materials is allowed only with the reference to (or a hyperlink on) Econs.online
Privacy policy
Developed in DALEE