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The paper investigates the determinants of geographical distribution of international currencies in global financial market transactions. We implement a gravity model, in which international currency distribution depends on the characteristics of the source and destination countries. We find...
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In emerging market economies, transmission of monetary policy through the foreign exchange market is complicated by the coexistence of financial restrictions and arbitrages. Using China as an example, we show that the coexistence of exchange rate interventions, capital controls and an...
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In this note, we review recent data concerning Russia's economic integration with other countries. We first analyze the … general picture of Russia's economic integration with the rest of the world and the importance of foreign economic relations … for the country. We then turn to China, an increasingly significant economic partner for Russia. The European Union …
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temporarily occupied by Russia or face a greater military threat by Russia than the poorer, more peaceful, western parts of the …
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