Political Instability and the August 1998 Ruble Crisis

The main objective of this study is to highlight the importance of political instability, defined as frequent changes in and of government, in undermining the Russian exchange rate based stabilization program of the 1990s. The empirical evidence supports the significance of political instability along with economic fundamentals in determining Russian real effective exchange rate and exchange market pressure, used as a proxy to the crisis.

MoreLess

Year of publication:	2006
Authors:	Fic, Tatiana ; Saqib, Omar Farooq
Published in:	Journal of Economic Integration. - Department of Economics and Trade. - Vol. 21.2006, p. 764-783
Publisher:	Department of Economics and Trade
Subject:	Currency crises \| Economic fundamentals \| Political instability

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

More details

Type of publication:	Article
Classification:	C13 - Estimation ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009392045