It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of different market players - exporters and importers, investors, borrowers, lenders.
I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term.
There's no doubt that decisions made by the leading central banks do affect the global financial markets and, consequently, our situation.
As a former economy minister, I can't not think about economic growth. The central bank should also think about this but through its own instruments.
I believe that being in a position, as a central bank, to influence economic growth does not mean losing independence.
My view was that government officials could not sit on the board of the central bank, and I am very happy that has been upheld.
A flexible exchange rate is important, and it shouldn't be artificially restrained because of the needs of the economy.
In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth.