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Russia and the World: How Sustainable is Economic Growth? Risks and Barriers

https://doi.org/10.32609/0042-8736-2017-12-63-80

Abstract

Relative stabilization of economic situation in a large number of countries is now coupled with the growing concerns about the political events. New US sanctions against Russia contribute to this. In economic sphere QE reduction plans, central bank balance sheet optimization which became excessively large, also create concerns. Growing interest of market participants to the high risk transactions, which is caused by lower volatility and low levels of yield, also raise doubts.

About the Author

M. Ershov
Institute of Energy and Finance; Financial University under the Government of RF
Russian Federation


References

1. Bank of Russia (2017). Guidelines of the single state monetary policy for 2018 and the period of 2019—2020. Moscow. (In Russian).

2. Ershov M. (2015). The opportunities of growth in the environment of currency collapses in Russia and financial bubbles in the world. Voprosy Ekonomiki, No. 12, pp. 32—50. (In Russian).

3. Ershov M. (2016). On the mechanisms of growth of the Russian economy under conditions of worsening financial problems in the world. Voprosy Ekonomiki, No. 12, pp. 5—25. (In Russian).

4. Ministry of Finance of Russia (2017). Draft law “On the Federal budget for 2018 and the planning period 2019—2020”. Moscow. (In Russian).

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7. IMF (2017a). Global financial stability report: Getting the policy mix right. Washington, DC: International Monetary Fund, April.

8. IMF (2017b). Global financial stability report: Is growth at risk? Washington, DC: International Monetary Fund, October.

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10. OFR (2016). Financial stability report. Washington, DC: Office of Financial Research.

11. US Fed (2017). Minutes of the Federal Open Market Committee. Washington, DC: The Federal Reserve Board of Governors, June 13-14.


Review

For citations:


Ershov M. Russia and the World: How Sustainable is Economic Growth? Risks and Barriers. Voprosy Ekonomiki. 2017;(12):63-80. (In Russ.) https://doi.org/10.32609/0042-8736-2017-12-63-80

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ISSN 0042-8736 (Print)