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Money and Finance
Economics
Finance

Digital Ruble: Opportunities and Scenarios

Alexey Zabotkin

Digitalisation is changing the payment market and consumer behaviour in many countries. This raises the question of whether it would be expedient to introduce an additional form of money that would meet the requirements of the digital age: a central bank digital currency.

Economics

Using Unconventional Data to Deal with an Unconventional Crisis

Alexander Morozov, Alexey Porshakov, Natalia Turdyeva, Dmitry Chernyadyev

During a crisis, real-time data is particularly important: the economic situation requires prompt governmental and regulatory decisions. Industry-specific financial flow monitoring developed by the Bank of Russia allows analysis of business activity on a daily basis.

Opinions
Economics

EU Border Carbon Tax: a Challenge for the Russian Economy

Maxim Morozov, Elizaveta Danilova, Veronika Loginova, Tatiana Yudina

The EU carbon tax on imports that is to be imposed in 2022 may affect almost 42% of Russian exports. The private sector and the state should take active measures to maintain economic competitiveness in the world of growing climate risks.

Economics

Returns to Schooling: Estimates for Russia

Olga Kuvshinova

In Russia, returns to schooling are almost 50% lower than the global average: each additional year of schooling provides a relatively small increase in wages, which declines over time, World Bank experts have found.

Finance

Challenges of Cross-border Financial Services Regulation

Tatiana Malakhova

The evolution of cross-border financial services has created new relations that are not regulated by any supranational body. This gives rise to the problem of regulatory arbitrage, which does not yet have a common solution.

Economics

Hard Times and New Opportunities

Irina Ryabova

Crises are a chance for countries to reassess their economic policies, proving that what used to be unquestionable is often a myth, says Esther Duflo, an MIT Professor and Nobel Prize winner.

Economics

Culture and Knowledge as Drivers of Economic Progress

Irina Ryabova

Changing attitudes, aptitudes to reassess conventional ideas, and greater intellectual tolerance predetermined the Industrial Revolution and later, Europe turning into the world’s major economic centre, argues economist Joel Mokyr.

Economics

Subjective Economic Reality

Irina Ryabova, Margarita Lutova

Modern surveys help economists get into people’s minds: it turns out that people’s perceptions of the economy are not in line with reality, which in the end, can undermine economic policy, argues Stefanie Stantcheva, professor at Harvard.

Video

Trust During a Pandemic: How COVID-19 Is Changing Social Attitudes

Margarita Lutova

Bocconi University professor Eliana La Ferrara talks about how people's trust in each other is changing, how it can be strengthened through TV shows and why people often ignore the facts.

Most popular

How inflation targeting affects economic growth
Coronavirus in the Labour Market
Labour Migration during the Corona Crisis
Hard Times and New Opportunities
EU Border Carbon Tax: a Challenge for the Russian Economy
Video Trust During a Pandemic: How COVID-19 Is Changing Social Attitudes

Researches of the Bank of Russia

Monetary policy The role of global relative price changes in international comovement of inflation
Monetary policy Optimal Monetary and Macroprudential Policies for Financial Stability in a Commodity-Exporting Economy
Economy Productivity Convergence Trends Within Russian Industries: Firm-Level Evidence
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