Kemme, David M.; Roy, Saktinil - 2005
real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (1981) decomposition … substantially greater than that in Poland, indicating incipient pressures to devalue the ruble immediately preceding the August 1998 … crisis. The half life of an exogenous shock is found to be much shorter for Poland than for Russia in the pre-crisis period …