Popov

The International Monetary Fund (IMF), as well as some academic economists, suggest that Russia should run down its foreign exchange reserves (FER) and appreciate (strengthen) the ruble. These reserves grew quickly after…

The very notion of the state implies that public authorities hold monopolies on three functions: Legitimate use of violence Provision of revenues by collecting taxes Control of monetary emission All…

Although the August 1998 currency crisis came as a surprise to at least some observers, the rapid recovery of the Russian economy after the crisis was even more unexpected. Unlike…

With the new president Vladimir Putin taking office in March 2000, there has been an array of predictions that acceleration of the economic reform process, accompanied by the strengthening of…