Within a single generation, the post-Soviet political, economic, and social landscape has changed immensely. The new structures — ranging from national power structures to a completely new economic reality based on the market instead of centralized planning — have come into existence. As 20...

The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...

This note reviews the implications of the political crisis around Ukraine and of the economic crisis in Russia on the development of Eurasian regionalism and, in particular, the future of the Eurasian Economic Union. It identifies the key effects of the crises, as well as discusses alternative...

This study investigates the return spillovers and volatility spillovers from developed markets (e.g., Europe, Japan and the US) into the financial markets of selected emerging countries in Asia and the Middle East and North Africa (MENA) region. Based on constant and trend spillover models, we...

The paper compares the development of two institutional systems organizing the intergovernmental relations in the former Soviet Union: Russian federalism and post-Soviet regional integration. In spite of common origins, random selections of actors and common development trends in the first...

In this paper we construct a new methodology to measure the international income smoothing and present stronger connectionbetween international asset holding and international income smoothing for OECD countries.

Responses of inflation and non-oil output growth from the Gulf Cooperation Council (GCC) countries to monetary policy shocks from the United States (US) were estimated to determine whether there is evidence to support the US Dollar as the anchor for the proposed unified currency. A structural...

While the poor quality of governance is widely accepted as a main factor hampering economic development in Central Asia, one of the main ways to solve this problem is often connected with changing the allocation of authorities, shifting them to the supranational (regional integration) or...

The aim of the paper is to understand the specifics of the interaction of two models of regional economic integration co-existing in Eastern Europe: the post-Soviet integration and the cooperation with the EU. The paper claims that institutional competition between integration projects may...

In this paper, we document the main factors underlying the foreign portfolio inflows to Gulf Corporation Council countries (hereafter GCC) by employing a recently published database of cross-country portfolio holdings by the International Monetary Fund. We find that bilateral factors such as...