Published October 7, 2022 | Version v1

Assessment of the Influence of the Macroprudential Policy of the Central Bank of the Russian Federation on Economic Development

  • 1. Gaidar Institute for Economic Policy
  • 2. Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Description

The global financial crisis of 2008-09 patently demonstrated that ensuring price stability by central banks does not guarantee the achievement of financial stability and is not a sufficient condition for it. It also showed how destructive the result of accumulating imbalances in the financial sector can be.

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