Ksenia Yudaeva

Ksenia Yudaeva

Advisor to the Governor of the Bank of Russia

Ksenia Yudaeva in the early 2000s managed the research in economic policy in the Center for Economic and Financial Research. She also was a member of the research board of the Carnegie Moscow Center. In 2006–2008 Yudaeva was a research supervisor of the Center for Strategic Research, and in 2008–2012 she was a Chief Economist, Director of Sberbank’s Centre for Macroeconomic Research. In 2012–2013 Yudaeva was a Chief of the Presidential Experts’ Directorate at the Presidential Executive Office.


In 2013–2023 Yudaeva was the First Deputy Governor of the Central Bank of the Russian Federation. Since 1 August 2023, Yudaeva has been holding a position of the Advisor to the Governor of the Central Bank of the Russian Federation. She has been a member of the Board of Directors of the Bank of Russia since October 18, 2013.


Ksenia Yudaeva graduated from the Lomonosov Moscow State University (1992), and from the New Economic School (1994). She received a Ph.D. in Economics from MIT.

Publications

Global Transformation

Global Transformation

| Ksenia Yudaeva

The global economy is at a turning point, and many aspects of the current global transformation are more crucial for the Russian economy than they are for other countries.

Crypto Ecosystems and the ‘Rules of the Road’

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.

Direct Quantitative Restrictions: Why Limit High-Risk Loans?

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.

Bank of Russia Policy During the Covid-19 Pandemic

Bank of Russia Policy During the Covid-19 Pandemic

| Ksenia Yudaeva

Designed its policy response during the Covid-19 crisis, the Russian central bank addressed the consequences and spillovers of all three shocks facing the Russian economy: the demand and supply shocks, increased asset price volatility, and a collapse of oil prices.

Bad Debts and Economic Growth

Bad Debts and Economic Growth

| Ksenia Yudaeva

A sound banking system, a moderate bad debt level, prompt recognition of the problem which bad debts pose and dealing with them effectively, are essential preconditions of not only financial stability and depositor protection but also of economic growth.

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