Currency Regimes, Volatility Risks, and Carry Trades: The Option Value of Government Currency Intervention in Emerging Markets

The article tries to reveal specific features of Russias participation in international capital movement in comparison with other emerging markets. Peculiarities of outflow and inflow of capital in Russia are considered as consequences of specifics of its economic model. Proposals on using international capital movement for the increase of accumulation rate in Russia are put forward.

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Russian Banking Sector under World Financial Market Uncertainty: Problems and Prospects

Voprosy Ekonomiki ◽

10.32609/0042-8736-2008-3-4-19 ◽

2008 ◽

pp. 4-19 ◽

Cited By ~ 1

Author(s):

A. Ulyukaev ◽

E. Danilova

Keyword(s):

Emerging Markets ◽

Financial Market ◽

Banking Sector ◽

Financial System ◽

Local Market ◽

Market Uncertainty ◽

Balanced Growth ◽

Banking Sector Development ◽

The World ◽

The Usa

The authors point out that the local market crisis - on the USA substandard loan market - has led to the uncertainty of the world financial market. It has caused the growing demand for liquidity in the framework of the world financial system. The Russian banking sector seems to be more stable under negative changes than banking systems of other emerging markets. At the same time one can assume that the crisis will become the factor of qualitative shift in the character of the Russian banking sector development - the shift from impetuous to more balanced growth.

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