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4 votes

Is the Ruble exchange rate a reliable indicator of economic stability in Russia?

It would be if Russia was allowed to participate in regular trade. But the current USR/RUB rate is heavily influenced by the fact that many Russian entities are under sanctions. To get slightly poetic,...
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7 votes

Is the Ruble exchange rate a reliable indicator of economic stability in Russia?

Russian here. Please consider the fact that back in the March Central Bank of Russia made a statement of temporary law for the exporters of ANY kind of goods (oil, metals, supplies, vehicles, ...
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14 votes

Is the Ruble exchange rate a reliable indicator of economic stability in Russia?

You could argue that this is a "fake" exchange rate, but it seems like Russia keeps increasing the limit on foreign currency exchange, so citizens are indeed able to convert their rubles for ...
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1 vote

Is the Ruble exchange rate a reliable indicator of economic stability in Russia?

Russian Balance of Payments figures have improved since Western sanctions against Russia. Russia's current account surplus hit $58.2 billion in the first quarter of 2022 — a three-decade high. Russia ...
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-1 votes

Is the Ruble exchange rate a reliable indicator of economic stability in Russia?

Look what happened after the Crimean conflict in 2014 with RUB: The west also imposed sanctions back then, and rouble would quickly start to fall, but then the government made the interventions and ...
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6 votes

Is the Ruble exchange rate a reliable indicator of economic stability in Russia?

While the exchange rate is not a good indicator of almost anything of practical importance (not only in Russia, but everywhere), surges in both directions ARE signs that something is wrong with the ...
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  • 4,457
23 votes

Is the Ruble exchange rate a reliable indicator of economic stability in Russia?

Exchange rate is not an indicator (or a very poor one) of economic well-being: it can be controlled by a central bank, via increasing money supply ("printing money", although nowadays it is ...
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  • 5,833
2 votes

Are there critics against supporting Ukraine based on an economical viewpoint?

I think the closest an MP in the UK has come to this sort of criticism was Jeremy Corbyn, former leader of the Labour Party who now sits as an independent in Parliament. In a speech to the People's ...
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1 vote

Are there critics against supporting Ukraine based on an economical viewpoint?

Senator Rand Paul, while he seemingly did not vote against US trade sanctions on Russia (incl. oil), which passed 100-0 in the Senate (in April), was apparently opposed to just gifting weapons to ...
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  • 102k
6 votes
Accepted

Are there critics against supporting Ukraine based on an economical viewpoint?

The question as written is less relevant to the United Kingdom because the UK debt is significantly lower as a percent of GDP in comparison to the United States. With respect to the United States,a ...
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-1 votes

Can the difference in development between India and China be explained on one of them (China) embracing free markets before the other?

The system that we call "democracy" is a Western idea. More precisely it is called the "liberal democracy" or "Western form of democracy". This idea originated in ancient ...
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2 votes

Can the difference in development between India and China be explained on one of them (China) embracing free markets before the other?

You are taking things out of contexts and picking up some conditions that might determine the situation and ignoring the other ones. You compare Zimbabwe and Botswana ignoring that the second has a ...
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  • 4,554
5 votes

Can the difference in development between India and China be explained on one of them (China) embracing free markets before the other?

One of the issues with authoritarian regimes is they tend to be kleptocracies where those in power benefit, but not the majority of the population. One significant factor that holds India back is it's ...
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  • 315
4 votes

Are Estonia, Iceland, Hungary and Greece in a similar economical level?

Estonia 31.03 billion USD (2020) Hungary 155 billion USD (2020) Greece 189.4 billion USD (2020) Iceland 21.71 billion USD (2020) The Hungarian and Greek economies are much larger than the Estonian and ...
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  • 92k
5 votes

What are the societal and economic benefits of Britain's military spending?

Aside from the defence benefits of having a large military, there are other potential benefits. First note that much of the money in the defence budget is spent on things like pay for soldiers, ...
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  • 92k
5 votes

What are the societal and economic benefits of Britain's military spending?

What are the social and economic benefits of choosing to pay for an optional insurance policy (i.e. one that is not required by law) like fire insurance? Very few, until you need that insurance policy....
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1 vote

American Companies against Russia

All other countries planning actions highly comparable to the Ukraine invasion in the future should become extremely wary indeed. "Highly comparable" I mean how it would look from the view ...
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  • 977
2 votes
Accepted

American Companies against Russia

I think you are over-simplifying the WWII example. Germany prior to WWII was not free, the party was coercing companies while industrialists were lobbying the party. A foreign-owned company that was ...
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  • 77.8k
2 votes
Accepted

What checklist a country would have before making bilateral currency exchange with Russia?

What you are talking about is a normal currency risk. One might sign a contract or loan in USD or EUR, only to find that the value of the local currency changes when (re)payments come due. One ...
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