By the board

Article Abstract:

Russia is setting up a currency board, a move which has previously proved successful in Estonia and Bulgaria. Capital outflows lead to a reduction in the money supply, when a currency board is used, and this leads to rises in interest rates which would hit Russia's fragile economy, especially since Russian public finances are problematic. Russia may also be better off with a flexible exchange rate since it depends on commodity exports and flexible rates allow for adjustments to be made more easily.

Administration of General Economic Programs, Currency Stabilization Programs, Monetary policy, Currency stabilization

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Parliament strikes back: Russia

Article Abstract:

Russia's economy was mending nicely until chairman Ruslan Khasbulatov named a new head for the important parliamentary committee for economic reform. The result was a plan to increase government spending, which will ultimately devalue the ruble and halt new IMF loans.

Political activity, Russia. Congress of People's Deputies, Khasbulatov, Ruslan

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Fleecing Taisa: Russian finance

Article Abstract:

Privatization of Russian industry has led to investment fraud because there is no regulation of the selling of securities. Two of the most blatant fraud cases involved the investment funds, Amaris and Revanche.

Management, Mutual funds, Privatization, Privatization (Business), Crime, Securities fraud

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