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The Central Bank of the Russian Federation

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DOI: 10.23977/ferm.2024.070101 | Downloads: 14 | Views: 232

Author(s)

Tianqi Wang 1

Affiliation(s)

1 Beijing Wuzi University, No. 1 Fuhe Street, Tongzhou District, Beijing, China

Corresponding Author

Tianqi Wang

ABSTRACT

This paper first analyses the strengths and weaknesses of the Central Bank of Russia from two perspectives, the organisational structure and the decision-making mechanism. Crude oil prices rose under the influence of the Russian-Ukrainian war, and for the Russian economy, which is highly tied to the price of oil. The main objective of the policy implementation of the Central Bank of Russia is to adjust the exchange rate and to position the inflation rate in Russia at 4% to keep the economy running smoothly. Finally, the paper concludes that the Central Bank of Russia has to adopt both centralised and decentralised decision-making strategies, both of which are crucial as they help to make effective and accurate decisions that help to achieve the bank's goals and objectives.

KEYWORDS

Central Bank of Russia, Decision-Making Process, Monetary Policy, Independence Economic Impacts

CITE THIS PAPER

Tianqi Wang, The Central Bank of the Russian Federation. Financial Engineering and Risk Management (2024) Vol. 7: 1-4. DOI: http://dx.doi.org/10.23977/ferm.2024.070101.

REFERENCES

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