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This bachelor thesis is focused on the exchange rate policy of the Central bank of the Russian Federation and on the analysis of Russian ruble exchange rate during the period between 1992 and 2015. In the first part the main instruments of the Central bank of Russia's monetary policy and history of its exchange rate policy are described. The second part is oriented on the empirical analysis of the ruble exchange rate for the period between 2002 and 2015, where the dependence between the ruble exchange rate and certain factors as the balance of payments, the inflation rate and the oil prices is researched. The third part contains a description of Russian economic situation during the recent economic crisis, which started in 2014. Its causes, its evolution and the dynamics of the ruble exchange rate during this period are analysed. |
