Showing 1 - 10 of 147
We examine Russian imports since a coalition of countries imposed sanctions on exports to Russia. As Russia no longer …) utilizing a difference-in-difference approach. Our dataset covers exports to Russia at the HS6-level of disaggregation from 26 … sanctioning and 14 non-sanctioning countries during 2018-2023. We find that the exports of sanctioning countries to Russia fell …
Persistent link: https://www.econbiz.de/10014478429
We analyse volatility spillovers between the on- and offshore (CNY and CNH) Renminbi exchange rates towards the US dollar (USD). The volatility impulse response (VIRF) methodology introduced by Hafner and Herwatz (2006) is applied to several shocks between January 2012 and December 2019....
Persistent link: https://www.econbiz.de/10012614244
in how firms perceive Russia-related sanctions. Even after controlling for firm-level characteristics, cross … macroeconomic linkages in explaining these differences. We show that the Russia's inward and outward FDI stocks and high levels of … imports and exports with Russia only partially explain the cross-country variation, leaving a nontrivial share of variation …
Persistent link: https://www.econbiz.de/10012614254
In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between expenditure and pro-duction, producing external...
Persistent link: https://www.econbiz.de/10012148634
conflict between Russia and Ukraine. The impact of the conflict on Russia may have been amplified by sanctions imposed by … Western countries. However, as Russia is heavily dependent on exports of natural re-sources, the oil price decline starting in …
Persistent link: https://www.econbiz.de/10012148766
Taking the multilateral sanctions program launched against Russia in 2014 as a case study, this paper investigates the … studies is employed to construct counterfactuals. The estimation results demonstrate that in Russia following sanctions and … imports introduced by Russia boosted the domestic agricultural sector, resulting in higher agricultural productivity and farm …
Persistent link: https://www.econbiz.de/10012148863
In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between expenditure and production, producing external...
Persistent link: https://www.econbiz.de/10009146904
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
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