Applying historical data from the USD LIBOR transition period, we estimate a joint model for SOFR, Fed Funds, and Eurodollar futures rates as well as spot USD LIBOR and term repo rates. The framework endogenously models basis spreads between each of the benchmark rates and allows for the...

To achieve sustainable economic growth in transition countries, it is crucial that enterpriseperformance is improved. However, it is not a priori clear which factors are essential for this. ForRussia, data to investigate the potential determinants of enterprise performance is scarce.Therefore,...

This paper uses 1985-1999 manufacturing census data for old Russian enterprises to calculate the magnitude and productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector, but increased slightly during the transition, while job...