|
(Task I.D.P.2)
Does Russia benefit from the US twin deficit?
Demid Golikov
The paper discusses the effect of the long-term dollar depreciation on the ruble exchange rate vs. major currencies and Russia’s balance of payment. The underlying idea is that insomuch as Russia's export proceeds are largely in dollars and imports are in euros, Russia is going to face deterioration of the terms of trade and the shrinkage of its trade balance.
Published on 03 Oct 2005
|
