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Articles by Yevgeny Gavrilenkov
Demise of the Dollar With Nothing to Replace It
12 May 11
Although Standard & Poor's downgrade of the U.S. rating outlook to negative caused nothing more than slight and short-lived turbulence on the markets, it very well may have long-lasting serious consequences.
Trying to Please Big Spenders and the Budget
05 April 11
The beginning of 2011 was marked by a number of events that had a serious impact on the markets and global economy. The unrest in North Africa and the Middle East, which in some cases led to a change in political regime, along with the earthquake and tsunami in Japan were stark illustrations that the world has become a much riskier place.
Why Russia Should Recover Faster
19 March 09
Global economic and financial news remain disappointing. There are no signs of economic recovery, and expectations of negative growth for the global economy this year have only risen.
Devaluation a Good Step Toward Ruble Float
05 December 08
The Central Bank announced that it was widening the band in which the ruble may fluctuate against the dollar/euro basket exchange rate by around 30 kopeks, its second such decision in recent weeks. Unsurprisingly, in an environment of capital outflow and as the current account is moving into negative territory, this "widening" can only mean one thing: a move toward depreciation.
When History Repeats Itself
30 September 08
Despite plans to support financial markets by providing as much liquidity as needed to calm them, the U.S. market has remained stagnant for a third consecutive month, with the Dow Jones Industrial Average fluctuating at around 11,000.
