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1710s' Russia. The estimation is based on Gresham's Law that states: “Bad money drive out good money.” The “good” and “bad …
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This paper analyzes the intraday impact of the Bank of Russia's verbal interventions on the Russian stock exchange … indices in 2014-2015. We construct a communication index which summarizes the verbal interventions of the Bank of Russia … show that the verbal interventions of the Bank of Russia have a positive short-term impact on the RTS returns, but do not …
Persistent link: https://www.econbiz.de/10012978490
Stabilizing monetary policy in a small open economy is constrained by the open economy trilemma. In a crisis this constraint may not allow the Central Bank to cut interest rates because this may cause significant capital flight and the ensuing problems. In this paper we investigate whether the...
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) Öffentlichkeit positiv weiterentwickelt. Russland wurde zwar als G8-Mitglied und eines der wichtigen Schwellenländer der BRIC …-makers in the EU and the US are considering economic sanctions against Russia. The article analyses whether the German economy … restrictions on business relations with Russia, but they would be able to compensate for possible losses. Russian gas export …
Persistent link: https://www.econbiz.de/10010350909
The economic situation in Russia is dramatic. GDP decreased by alarming 3.7 per cent in 2015. The imposed economic … losses of revenue in the course of the economic crisis in Russia. Overall, however, the effect on the German economy has been …
Persistent link: https://www.econbiz.de/10011481626