You are looking at 1 - 1 of 1 items for :

  • National accounts x
  • Energy: Demand and Supply; Prices x
  • Remittances x
  • International economics x
  • Foreign exchange x
  • Exports and Imports x
  • Armenia, Republic of x
  • Money and Monetary Policy x
  • Investments: General x
  • Spillover Notes x
  • Foreign exchange x
  • Western Hemisphere x
  • Moldova, Republic of x
Clear All
Ara Stepanyan, Agustin Roitman, Gohar Minasyan, Ms. Dragana Ostojic, and Mr. Natan P. Epstein
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) and, to a lesser extent, on Baltic countries. The spillovers to eastern Europe have been limited. The degree of impact is commensurate with the level of these countries’ trade, remittances, and foreign direct investment (FDI) links with Russia. So far, policy action by the affected countries has focused on mitigating the immediate consequences of spillovers.