Showing 1 - 10 of 1,202
Since a series of crisis events after 2007, the discussion about the adjustment channels of current account imbalances has been revived. We discuss the effectiveness of exchange rates versus macroeconomic policies to rebalance current accounts for a set of 86 mainly emerging market economies. We...
Persistent link: https://www.econbiz.de/10010431297
Russia, we find that these sanctions substantially decreased bilateral trade of Russia, mainly due to reduced trade with the …
Persistent link: https://www.econbiz.de/10012668821
estimate the impact on firm performance from smart sanctions deployed by the U.S. and EU against Russia beginning in 2014. We …
Persistent link: https://www.econbiz.de/10012001872
on the sanctions imposed on Russia in 2014 and identify their effect on voting behavior in both presidential and … parliamentary elections. On the economic side, the sanctions significantly hurt Russia’s foreign trade — with regional variance. We …
Persistent link: https://www.econbiz.de/10014505854
period of coverage from 1950-2019 to 1950-2022, which includes two special periods - COVID-19 and the war between Russia and … trade. We also obtain estimates of the effects on trade of the 2014 sanctions on Russia, …
Persistent link: https://www.econbiz.de/10013455750
The paper uses a small open economy general-equilibrium model to compare fiscal and nominal exchange rate devaluation with respect to their impact on economic activity and the current account. In particular, it investigates to which extent fiscal devaluation mimics nominal exchange rate...
Persistent link: https://www.econbiz.de/10011392516
The problem is to evaluate the likelihood that a country will face a currency or balance of payments crisis over a given horizon. When is it rational for market participants to expect a depreciation of the currency? On the basis of considerable empirical studies we know that in both banking and...
Persistent link: https://www.econbiz.de/10009781700
Under fixed exchange rates, fiscal policy is an effective tool. According to classical views because it impacts the real exchange rate, according to Keynesian views because it impacts output. Both views have merit because the effects of government spending are asymmetric. A spending cut lowers...
Persistent link: https://www.econbiz.de/10012118599
low wage rapidly growing countries in the BRIC group (Brazil, Russia, India, China) and the groups of countries as a sub …
Persistent link: https://www.econbiz.de/10003857136
purposefully undermine US sanction efforts, we test whether target countries' trade with China and Russia increases under US trade … panel difference-in-differences estimations and an event study design. Motivated by the claim that China and Russia … sanctions. We find no evidence for systematic sanction busting. Russia does not change its trade patterns with sanctioned …
Persistent link: https://www.econbiz.de/10013455721