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3. Channels of Spillovers to Neighboring Countries

3. Channels of Spillovers to Neighboring Countries »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

Trade and remittances are the main channels of outward spillovers from Russia on neighboring countries (see Figure 1). Trade channel is particularly prominent in CIS and Baltic countries, given...

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries »

Volume: 15

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

DOI: http://dx.doi.org/10.5089/9781513571348.087

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) a...

2. Developments in Russia

2. Developments in Russia »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

In 2014 the Russian economy was hit by sanctions and rapidly falling oil prices. These shocks led to significant balance of payment pressures with a surge in capital outflows and depreciating ex...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...

Fiscal Federalism and Government Size in Transition Economies

Fiscal Federalism and Government Size in Transition Economies »

Source: Fiscal Federalism and Government Size in Transition Economies : The Case of Moldova

Volume/Issue: 1999/176

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451858792

Keywords: fiscal federalism, government size, subnational governments, decentralization, fiscal decentralization, federalism, Moldova, Republic of,

This paper examines the relationship between fiscal decentralization—the assignment of revenue sources and expenditure functions across government levels—and government size in Moldova. The empirical...

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova »

Source: Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova

Volume/Issue: 2014/233

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2014

ISBN: 9781498313414

Keywords: Vertical fiscal imbalance, subnational governments, revenues, decentralization, subnational, central government, Structure and Scope of Government, Deficit, General, State and Local Taxation

Using a novel municipality-level panel dataset, this paper investigates the empirical characteristics of vertical fiscal imbalances (VFIs) in Moldova over the period 2005-13. The results show that the extent of var...

IMF Executive Board Approves US$178.7 million Arrangements Under the Extended Fund Facility and the Extended Credit Facility for the Republic of Moldova

IMF Executive Board Approves US$178.7 million Arrangements Under the Extended Fund Facility and the Extended Credit Facility for the Republic of Moldova »

Source: Republic of Moldova : Request for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova

Volume/Issue: 2016/343

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2016

ISBN: 9781475552096

Keywords: Staff Reports, Press releases, Monetary policy, Letters of Intent, Moldova, Fiscal policy, Extended arrangement requests, Extended Credit Facility, Extended Fund Facility, Europe

The paper examines the nature and scale of spillovers to a number of European countries from monetary policies in the euro area and the United States using three different approaches. The analysis focuses on select...

IMF Executive Board Completes Fourth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements with Moldova, Approves US$77.5 Million Disbursements

IMF Executive Board Completes Fourth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements with Moldova, Approves US$77.5 Million Disbursements »

Source: Republic of Moldova : Fourth Reviews Under the Extended Arrangement and Under the Three-Year Arrangement Under the Extended Credit Facility, and Requests for Waiver for Nonobservance of a Performance Criterion and for Modification of a Performance Criterion: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Moldova.

Volume/Issue: 2012/38

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2012

ISBN: 9781463941017

Keywords: banking, banking system, capital expenditure, foreign exchange, fiscal adjustment, Moldova, Republic of,

Moldova's near-term outlook is aimed at slowing growth and receding inflation, but the deteriorating external environment and the fragile political situation poses significant downside risks. The main drivers of gr...

IMF Executive Board Concludes 2014 Article IV Consultation and First Post-Program Monitoring with the Republic of Moldova

IMF Executive Board Concludes 2014 Article IV Consultation and First Post-Program Monitoring with the Republic of Moldova »

Source: Republic of Moldova : Staff Report for the 2014 Article IV Consultation and First Post-Program Monitoring Discussions

Volume/Issue: 2014/190

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 2014

ISBN: 9781498303736

Keywords: budget deficit, fiscal policy, fiscal sustainability, fiscal consolidation, debt service

This paper focuses on Moldova's 2014 Article IV Consultation and First Post-Program Monitoring Discussions. Moldova largely achieved the main objectives of the economic program supported by a combined Extended Cred...