Showing 1 - 10 of 55
This study seeks to determine the extent to which countries of the former Soviet Union are infected” by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real output in...
Persistent link: https://www.econbiz.de/10011430820
In addition to its direct effects on the global trading and production structure, the ongoing process of globalisation may have important implications for the interaction of exchange rates and the overall economy. This paper presents evidence regarding possible changes in the role of exchange...
Persistent link: https://www.econbiz.de/10011606246
This study examines the effects of bilateral exchange rate on trade flows in the WAMZ and assesses the role of complementarity trade structures in enhancing intra-WAMZ trade. The modified gravity model is used to assess whether efforts by WAMZ countries to facilitate transactions in national...
Persistent link: https://www.econbiz.de/10014560204
This study estimates the rate and distance to convergence of WAMZ Member States and provides a comparative analysis of nominal and real convergence to evaluate WAMZ's preparedness for monetary integration. We employ monthly data on the consumer price index and nominal exchange rate from January...
Persistent link: https://www.econbiz.de/10015045941
Sooner or later all the accession economies will have to join the ERM2 - a mandatory framework for all those countries that face the challenge of joining the EU. Entering the eurozone will be an unprecedented achievement. The achievement will be all the more remarkable given the unique...
Persistent link: https://www.econbiz.de/10012100038
The Russian authorities have been battling strong depreciation pressures, with the rouble having lost around 30% of its value since early 2023 (and inflationary pressures having risen strongly). The main reason for this is the declining supply of foreign exchange from foreign trade transactions,...
Persistent link: https://www.econbiz.de/10015070513
The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...
Persistent link: https://www.econbiz.de/10015070595
This paper presents a European Index of Regional Institutional Integration (EURII), which maps developments in European integration from 1958 to 2014 on the basis of a monthly dataset. EURII captures what we call: (i) the “Common Market Era”, which lasted from 1958 until 1993; and (ii) the first...
Persistent link: https://www.econbiz.de/10011606312
The key point is about Russia, old and new, being a counterrevolutionary power: Russia's post- Napoleonic War and moreover post-1848 policy was counterrevolutionary abroad and conservative, even when reformist, at home, as is Russia's current post-Soviet, post-Cold War policy. However, while the...
Persistent link: https://www.econbiz.de/10012163472
Der Krieg ist zurück in Europa, und je länger er andauert, desto mehr gewinnt die Frage der Aufrüstung an zentraler Bedeutung. Dieser Bericht stellt fest, dass die Kapazitäten der russischen Rüstungsindustrie in den letzten zwei Jahren stark angestiegen sind, und zwar weit über das Niveau...
Persistent link: https://www.econbiz.de/10015106446