The article presents the main stages and ongoing results in the Republic of Kyrgyzstan in 1990-2008. Basic directions of reforms in agriculture, industry, and the financial sector as well as the establishment of market-oriented democratic institutions are analyzed.

The article represents the main stages and ongoing results of economic reforms in the Republic of Kyrgyzstan in 1990—2008. Basic directions of reforms in agriculture, industry and financial sector, establishment of market-oriented democratic institutions are analyzed. Issues of sustainability...

The article presents an empirical investigation of the impact of the Balassa—Samuelson effect on the real ruble appreciation in 1999—2007. We consider long-run, supply-side determinants of the real ruble exchange rate, such as changes in terms of trade and labor productivity. Using Russian...

Using data on foreign borrowing, I identify Russian banks that were affected by the sudden stop of external financing caused by the Lehman Brothers' collapse. Applying the difference-in-difference method, I compare these "affected" banks to "unaffected" ones and find that the Russian Central...

There are fundamental changes in the functions of the state and its methods of influencing the economy with the transition from a centrally planned economy to a market economy: the transition from direct to predominantly indirect forms of influence. A considerable role in indirect methods...

Raising the living standard and the cultural level of the population is the prime concern of our party and government. The output of fabrics, footwear, clothing, cultural items, everyday necessities, and household goods is growing from year to year in the Soviet Union.

We exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the perceived stability of the domestic currency and financial dollarization. Our results show that regions with higher inflation experience an increase in the dollarization of...

Abstract: We exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the perceived stability of the local currency and financial dollarization. Our results show that regions with higher inflation experience an increase in the dollarization of...