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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 …
Persistent link: https://www.econbiz.de/10012890445
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...
Persistent link: https://www.econbiz.de/10013013061
manufacturing industry in Russia. A settlement is counted as part of an urban agglomeration in two cases: that of a large, central …
Persistent link: https://www.econbiz.de/10013096182
The author examines the theoretical difficulties of implementing decisions and awards of foreign courts in Russia … educational background of legal professionals – especially judges – in Russia. It is suggested that the statist conception of law … of law developing in the mentality of legal professionals in Russia …
Persistent link: https://www.econbiz.de/10013096271
Nonprofit accountability in Russia is becoming increasingly important as nonprofit organizations become more open …
Persistent link: https://www.econbiz.de/10013096520
assess correctly the riskiness of other banks. However, the “crises of trust” (as one in 2004 in Russia) create some doubts …
Persistent link: https://www.econbiz.de/10013097640
The empirical literature assessing the connection between land rights, access to finance and investment activity has focused largely on actors that, for multiple reasons, might face difficulties accessing credit. Communities of small-scale farmers or poor urban households in developing...
Persistent link: https://www.econbiz.de/10013097641
Under the Basel II accord, improving probability of default models is a key risk-management priority. There are four main aspects of this research: suggesting the bank default classification; using a wide time horizon (quarterly Russian banking statistics from 1998 to 2011); investigating the...
Persistent link: https://www.econbiz.de/10013100257
human capital differ significantly in Russia. Nevertheless we can say that, for the majority of men, the return to …
Persistent link: https://www.econbiz.de/10013106998