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This paper estimates bond-by-bond ""haircuts""-realized investor losses-in recent debt restructurings in Russia …, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructurings. Haircuts are …
Persistent link: https://www.econbiz.de/10014399674
Under imperfect competition, Russia and Ukraine may choose to deviate from optimal tax considerations which suggest use … through an origin-based VAT on intra-CIS energy trade. The paper shows that Ukraine may try to capture part of the tax revenue … if it has monopsony power. It is far from clear whether Ukraine would succeed in shifting the rents through taxation …
Persistent link: https://www.econbiz.de/10014399718
This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric …
Persistent link: https://www.econbiz.de/10014403291
afterward in Russia and other former Soviet Union countries. Before the crisis a banking failure arose owing to the coexistence …
Persistent link: https://www.econbiz.de/10014404142
The United States - Mexico - Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key...
Persistent link: https://www.econbiz.de/10012009997
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We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information...
Persistent link: https://www.econbiz.de/10009679674