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.

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Year of publication:	2006
Authors:	Fic, Tatiana ; Saqib, Omar F.
Publisher:	Berlin : Deutsches Institut für Wirtschaftsforschung (DIW)
Subject:	Währungskrise \| Makroökonomischer Einfluss \| Wechselkurspolitik \| Russland \| currency crises \| political instability

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Series:	DIW Discussion Papers ; 626
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	518575683 [GVK] hdl:10419/18519 [Handle] RePEc:diw:diwwpp:dp626 [RePEc]
Classification:	C13 - Estimation ; F31 - Foreign Exchange
Source:	EconStor

Persistent link: https://www.econbiz.de/10010260985