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Russia: The Credible Threat of a Tobin Tax
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[摘要] the rouble has suddenly weakened in the past few days only a week since our latest research note on russia (taming the rouble, april 15, 2004), it looks like we were right in detecting an important turning point in exchange rate policy and a stronger determination to weaken the rouble. however, while it is perhaps too early to draw definitive conclusions, we may have underestimated the ability of the monetary authorities to weaken the rouble exchange rate even without resorting to significant fx intervention.
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