Russian - Economist | October 29, 1963 -
One of the main priorities of Russia's economic policy is to create conditions and form our own financial resources for economic modernisation.
Elvira Nabiullina
FinancialPrioritiesCreateResources
There's no doubt that decisions made by the leading central banks do affect the global financial markets and, consequently, our situation.
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I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term.
ThinkFinancialLongUnderstandWill
It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of different market players - exporters and importers, investors, borrowers, lenders.
BalanceMeSeemsDifferentMarket
Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.
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Cooperation on the international level could help to solve the problem of sources of sharp capital flow volatility and its consequences.
ProblemHelpConsequencesCooperation
In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth.
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I believe that high, sustainable growth rates can only be possible on the basis of macro-stability.
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In general, global economic growth supports Russian economy.
GrowthEconomyEconomic GrowthGlobal
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