The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a big bang approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock...

The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a "big bang" approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock...

Political mobilization of business forces in the post-communist world has crucial implications for economic development and civil society. The emergence of strong cross-sectoral business associations during Putin's presidency challenges the prevailing view of Russia's political economy as an...

What threatens the property rights of business owners? And what makes these rights secure? This book transcends the conventional diagnosis of the issue in modern developing countries by moving beyond expropriation by the state ruler or by petty bureaucratic corruption. It identifies 'agent...

Russia’s invasion of Ukraine has shell-shocked the world. It has monopolized headlines in the print and broadcast media, unleashed a torrent of instant analysis in professional commentary, and flooded social media. This note considers how social media has been weaponized in the war effort of...

Russia’s invasion of Ukraine has not only been fought physically but in information space to control the narrative. In the modern information age, the preparation of the ground for war tends to follow a rather simple formula: de-legitimize the target country; demonize the target country; set...

This paper explores the global economic consequence of the Russian-Ukraine war in the month of invasion. Russia invaded Ukraine on the 24th of February 2022. As a result of the Russia-Ukraine war, multiple international sanctions were imposed on Russia to compel Russia to de-escalate the crisis....

Turkey's economy is closely linked to Russia's. Economic and trade relations are the driving force of Russian-Turkish relations. These relations include Turkish companies operating in Russia, large sums that Russian tourists spend at Turkish resorts, cooperation in the war in Syria, although not...

While broad economic sanctions have long been used as instruments of foreign policy, targeted sanctions focusing on specific individuals, entities, and transactions are relatively new and less understood. We present a model of firm performance under sanctions where the target government may be...

The sanctions against Russia, beginning in early 2014, provide us with a unique opportunity to study whether, and how sanctions affect a vast territorial global superpower. This study attempts to empirically examine the economic impact of this event, paying particular attention to the existence...