Showing 1 - 10 of 146
The analysis of external economic relations of Russia reveals a paradox: while Europe is the main trade and direct … investment partner of Russia, this is far from being the case concerning its currency s role in Russia's financial activities …
Persistent link: https://www.econbiz.de/10012148498
The analysis of external economic relations of Russia reveals a paradox: while Europe is the main trade and direct … investment partner of Russia, this is far from being the case concerning its currency’s role in Russia's financial activities …
Persistent link: https://www.econbiz.de/10005419597
The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …
Persistent link: https://www.econbiz.de/10010283277
Russia, experienced widespread currency substitution in the early phase of transition.Following Russia's financial meltdown …
Persistent link: https://www.econbiz.de/10012148525
This study evaluates substitution of foreign currency balances in Estonia, a transition economy neighbouring countries participating in EMU. The focus is on substitution between dollar and euro balances in the three basic functions of money - unit of account, store of value and means of payment....
Persistent link: https://www.econbiz.de/10005419606
-mies, including Russia, experienced widespread currency substitution in the early phase of transition. Following Russia’s financial …
Persistent link: https://www.econbiz.de/10005648629
The paper provides a comprehensive econometric analysis of currency substitution for Latvia. Rather than drawing inferences on the degree of currency substitution from domestic money demand modelling, the most common approach to empirical analysis of the phenomenon, direct modelling of currency...
Persistent link: https://www.econbiz.de/10005648637
Underdeveloped financial markets and periods of high inflation have stimulated dollarization and currency substitution in the economies of Central Asia. Some authors argue that the latter can pose serious obstacles for the effective conduct of monetary policy and can affect households’...
Persistent link: https://www.econbiz.de/10008483928
This paper explores the dynamics of corporate finance during the early stages of industrial growth by examining a newly constructed panel database of Imperial Russian industrial corporations' balance sheets. We document large differences in financial strategies and outcomes across industries,...
Persistent link: https://www.econbiz.de/10012614229
finding that all types of banks in Russia increase their lending before presidential elections supports the view that the … authorities in an electoral autocracy like Russia can influence lending of both private and state-owned banks for political …
Persistent link: https://www.econbiz.de/10012614230