Narrow Your Choices

Refine By Type

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

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

  • Balance of payments x
  • International finance x
  • International economics x
  • Kyrgyz Republic x
  • Middle East and Central Asia x
  • Armenia, Republic of x
  • Spillover Notes x
  • Energy: Demand and Supply; Prices x
  • Financial sector policy and analysis x
  • Money and Monetary Policy x
Clear All
Cover Spillover Notes
The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries
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.
Keywords:
SN; Russia; exchange rate; CIS country; CIS oil importer; growth slowdown; import ban; exchange rate depreciation; growth shock; Spillovers; Oil prices; Exchange rates; Depreciation; Remittances; Baltics; Eastern Europe