Scotiabank's Tihanyi on Outlook for Ruble, Rupiah

The video discusses the challenges faced by emerging markets, particularly Russia, in the context of currency crises. It compares the current situation to the 1998 financial crisis, highlighting the impact of sanctions and oil price volatility on Russia's economy. The role of central banks in stabilizing currencies through interventions and interest rate adjustments is examined, with a focus on Russia's efforts to support the ruble. The video also explores Indonesia's strategy to manage its currency, the rupee, by allowing gradual depreciation to maintain competitiveness while controlling volatility.

What strategies are central banks likely to employ during a currency crisis?

How does the situation in Indonesia compare to that of Russia regarding currency management?