Intereconomics

, Volume 30, Issue 1, pp 31–35 | Cite as

Stabilizing the rouble: Is there a case for a new Fisher rule?

  • Friedrich L. Sell
Exchange-Rate Policy
  • 16 Downloads

Abstract

The management of the exchange rate by the Russian authorities obviously lacks both effectiveness and efficiency. “Black Tuesday” has vividly shown how vulnerable the rouble is to speculative attacks. In this article, a “classical” proposal is evoked and is discussed as an alternative to the present exchange-rate policy from the sustainability point of view.

Keywords

Exchange Rate Central Bank Foreign Exchange Exchange Rate Regime World Market Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© HWWA and Springer-Verlag 1995

Authors and Affiliations

  • Friedrich L. Sell
    • 1
  1. 1.Dresden University of TechnologyGermany

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