In our paper, we use the gravity model of the international trade to estimate the effect of the future WTO ascension for Russia based on the current WTO effect for Russia's WTO trade partners. Starting from Rose's specification, we constructed several progressively exact models. Nevertheless,...

In our paper, using Granger causality tests on data covering 1995-2011 we find that credit is an important source of money supply endogeneity in Russia, with the two distinct sources of money supply endogeneity present: the one in the sense of accommodationist approach (through state-controlled...

Using monthly and quarterly data for 2000 – 2012 for Belarus, Kazakhstan and Russia we estimate monetary policy rules for these countries. The aim of our study is to find out similarities and differences in monetary policy practices in these countries in order to evaluate potential problems in...