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Privatization and the Unusual Case of Belarusian Accession to the WTO

Balistreri, Edward J. - 2017

The accession negotiations of Belarus to the WTO are unusual since, due to its obligations in the Eurasian Economic Union, WTO accession is not expected to impact its tariffs or formerly substantial trade distorting agricultural subsidies. Nonetheless, we estimate that WTO accession will...

Persistent link: https://www.econbiz.de/10012962021

Is Mining Fuelling Long-Run Growth in Russia? Industry Productivity Growth Trends since 1995

Timmer, Marcel P. - 2014

GDP per capita growth rates in Russia have been among the highest in the world since the mid-1990s. Previous growth accounting research suggests that this was mainly driven by multi-factor productivity (MFP) growth. In this paper we analyse for the first time the drivers of Russian growth for...

Persistent link: https://www.econbiz.de/10013063177

Bank Ownership and Profit Efficiency of Russian Banks

Belousova, Veronika - 2018

The paper examines how the type of ownership affects the profit efficiency of Russian banks. Using bank-quarter data for selected banks in the period 2004–2015, we combine stochastic frontier anal-ysis (SFA) methodology with an intermediary approach to assess profit efficiency. Our key...

Persistent link: https://www.econbiz.de/10012926836

Bank Profitability and Economic Growth

Klein, Paul-Olivier - 2018

This paper analyses the effect of bank profitability on economic growth. While policymakers have shown major concerns … for low levels of bank profitability, there are no empirical studies on the growth effects of bank profitability. To fill … this gap, we investigate the impact of bank profitability on economic growth using a sample of 133 countries during the …

Persistent link: https://www.econbiz.de/10012915566

Do Better Institutions Improve Bank Efficiency? Evidence from a Transitional Economy

Hasan, Iftekhar; Zhou, Mingming; Wang, Haizhi - 2009

The pace of transition in China over the last two decades has led to great variation across the country in terms of institutional and financial development. In this paper, using a panel of Chinese provinces during the period 1993-2006, we empirically investigate the determinants of the...

Persistent link: https://www.econbiz.de/10014211541

Bi-Currency Versus Single-Currency Targeting : Lessons from the Russian Experience

Sokolov, Vladimir - 2011

This paper examines the impacts of the 2005 shift in Russian exchange rate policies from single-currency to bi-currency basket targeting on domestic interest rates and sovereign risk premium dynamics. The policy shift disconnected domestic interest rates from US dollar-denominated interest...

Persistent link: https://www.econbiz.de/10013133382

China’s New Exchange Rate Regime, Optimal Basket Currency and Currency Diversification

Zhang, Zhichao - 2012

We build an optimizing framework to analyze a class of economies that adopt an ECU-type basket currency while in transition to increased flexibility of the exchange rate regime. Instead of conventional basket pegging, such an economy uses an ECU-type currency index as a benchmark for monitoring...

Persistent link: https://www.econbiz.de/10013114225

Exchange Rate Misalignment Estimates – Sources of Differences

Cheung, Yin-Wong - 2011

We study the differences in currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision....

Persistent link: https://www.econbiz.de/10013119692

Exchange Rate Misalignments : A Comparison of China Today Against Recent Historical Experiences of Japan, Germany, Singapore and Taiwan

He, Xinhua - 2011

The familiar claim of Chinese currency manipulation is generally asserted without reference to empirical evidence. To investigate the legitimacy of the claim, we ask if the undervalued misalignment found in the real effective exchange rate (REER) of the Chinese renminbi (RMB) over the past...

Persistent link: https://www.econbiz.de/10013121272

Flexible Inflation Targets, Forex Interventions and Exchange Rate Volatility in Emerging Countries

Berganza, Juan Carlos - 2011

Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of strict IT which implies a fully flexible exchange rate, or applying a flexible IT, which entails a de facto managed floating exchange rate with forex interventions to moderate exchange...

Persistent link: https://www.econbiz.de/10013124593