Ukraine has experienced both rapid growth and substantial price and financial volatility since its adoption of exchange-rate stability as the primary goal of the National Bank of Ukraine (NBU). The increased financial intermediation of the population is a primary reason for these. I demonstrate...

Despite its adoption of a nominal-anchor exchange-rate policy during the period 1999-2005, Ukrainian financial markets were subject to substantial premia in interest rates on inter-bank markets relative to what is observed in Euro credit markets. In this paper I demonstrate that there were three...

I trace the dynamic impact of removal of textile quotas in the US on output, employment and plant closure in that industry. A dynamic theoretical model of firm-level decision-making is estimated with US Census manufacturing data and with industry-level demand-side data. Simulations performed...