the reaction of 18 large emerging markets to an external shock, conditioning on their degree of inflation expectations …

We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi …: Russia would benefit from a smaller state foot-print, while in Saudi Arabia, unless this is accompanied by structural reforms …

afterward in Russia and other former Soviet Union countries. Before the crisis a banking failure arose owing to the coexistence …

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 …

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 …

This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric …