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6min chapter
The Central Bank Of Russia Is On The Defensive with Joseph Wang & Frances Coppola
Forward Guidance
The Russian Rupee and the Russian Stock Market
The ruble has been almost cut in half from it's less than one cent. The Russian stock market has been decimated. Anything you do to the banking sector has consequences for financial stability, and that is central banks remit. It would appear that politicians have rather learned from this playbook other than that or they've been kind of advised on it by central banks.
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