Russian Federation : 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion

1RUSEA2009002 Image
Price:  $18.00

Release Date: © August, 2009
ISBN : 978-1-45183-319-5
Stock #: 1RUSEA2009002
English
Stock Status: On back-order

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Description

This 2009 Article IV Consultation highlights that the banking system of the Russian Federation is under increasing strain, and private sector credit is contracting. The authorities’ response to the crisis has been swift and substantial, driven by concerns that weaknesses in the banking and corporate sectors could lead to a full-fledged crisis. Executive Directors have commended the authorities for a swift and substantial policy response to these developments. Directors have also encouraged the authorities to take a more proactive and concerted approach to tackling the problems in the banking sector.

Taxonomy

Economic policy , Exchange rate policy , Financial crisis , Fiscal policy , Foreign exchange , Interest rate policy , International financial system , Monetary policy , Political economy




More publications in this series: IMF Staff Country Reports