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Local currency government bonds (OFZ bonds) are an important fixed-income instrument in Russia's financial markets. In …
Persistent link: https://www.econbiz.de/10011716554
This paper examines financial market comovements across European transition economies and compares their experience to that of their regions. Correlations in monthly indices of exchange market pressures can partly be explained by direct trade linkages, but not by measures of other fundamentals....
Persistent link: https://www.econbiz.de/10014399957
This study investigates the nonlinear relationship between public debt and sovereign credit ratings, using a wide sample of over one hundred advanced, emerging, and developing economies. It finds that: i) higher public debt lowers the probability of being placed in a higher rating category; ii)...
Persistent link: https://www.econbiz.de/10012102166
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 Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean, facilitating the birth and growth of alternative destinations. Therefore, the apprehension of the Caribbean tourism industry towards a change in US travel policy to Cuba is...
Persistent link: https://www.econbiz.de/10011704403
political uncertainty and financial sanctions, and future growth prospects are quantified using a modified version of the Lewis …
Persistent link: https://www.econbiz.de/10014395853
Using a formal general equilibrium framework, this paper analyzes how sanctions imposed on the contestants in civil … conflict affect the welfare of these contestants and the allocation of resources to conflict. It is shown that weak sanctions … can hurt the contestant they are supposed to help, while strong sanctions augment the expected welfare of their intended …
Persistent link: https://www.econbiz.de/10014399984
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