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Fighting depreciation and inflationary pressures

Astrov, Vasily - 2024

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 enigmatic dollar-euro exchange rate and the world's biggest forex market: Performance, causes, consequences

Priewe, Jan - 2016

hat der Dollar-Euro Wechselkurs für den Warenhandel beider Währungsblöcke, wenn man berücksichtigt, dass Exporte und … Wechselkurs und den Leistungsbilanzungleichgewichten in der europäischen Währungsunion; hat sich das Verhältnis von Wechselkurs … und Handel im Laufe der Globalisierung aufgrund veränderter Elastizitäten gelockert; wie beeinflusst der Wechselkurs …

Persistent link: https://www.econbiz.de/10011565000

Dutch disease in former Soviet Union: Witch-hunting?

Égert, Balázs - 2009

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

The changing role of the exchange rate in a globalised economy

di Mauro, Filippo; Rüffer, Rasmus; Bunda, Irina - 2008

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

Does the crisis experience call for a new paradigm in monetary policy?

Taylor, John B. - 2010

This paper shows that the monetary policy paradigm that was in place before the financial crisis worked very well and that the crisis occurred only after policy makers deviated from that paradigm. The paper also evaluates monetary policy during the financial crisis by dividing the crisis into...

Persistent link: https://www.econbiz.de/10011430849

Fiscal and monetary policy determinants of the Eurozone crisis and its resolution

Dabrowski, Marek - 2012

Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....

Persistent link: https://www.econbiz.de/10011430901

Russia's Financial Markets Boom, Crisis and Recovery 1995-2001: Lessons for Emerging Markets Investors

Süppel, Ralph - 2003

From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery. An event study of this episode provides important insights for Emerging Market investment and Russia's medium-term prospects. The initial surge in bond and stock prices in...

Persistent link: https://www.econbiz.de/10011689911

Studies on Issues in Political Economy since the Global Financial Crisis

Jäger, Kai - 2016

The dissertation includes four studies broadly connected to the causes and consequences of the Global Financial Crisis of 2007-8 from a political economy perspective. Following the intro-duction, Chapter 2 analyzes the political roots of massive foreign reserves accumulation, which has...

Persistent link: https://www.econbiz.de/10011698361

How Can the Crisis Vulnerability of Emerging Economies Be Reduced?

Abberger, Klaus; Bhattacharyay, Biswa Nath; Nam, Chang Woon - 2014

Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...

Persistent link: https://www.econbiz.de/10011698419

What do we know about the global financial safety net? Rationale, data and possible evolution

Scheubel, Beatrice; Stracca, Livio - 2016

This paper critically reviews the theoretical basis for the provision of the global financial safety net (GFSN) and provides a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank swap lines and regional financing arrangements) for...

Persistent link: https://www.econbiz.de/10011606329