Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not … Russia's ability to wage war. This paper demonstrates the effectiveness of the sanctions and argues that the EU should …

This paper deals with two related issues: the sustainability of China’s exchange rate regime and the opening up of its … to avoid disruptive capital flows. The paper discusses China’s twin surpluses of the current and capital accounts and … the outlook for Chinese capital flows should barriers to capital movements be lifted. It argues that whether China …

This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the … future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were …

From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery …. An event study of this episode provides important insights for Emerging Market investment and Russia's medium … conditions. Together with persistent commitment towards international integration this heralds a long-term convergence of Russia …

, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use …