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Europe > Ukraine

You are looking at 1 - 2 of 2 items for :

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Cover IMF Working Papers
Spillovers from Russia to Neighboring Countries: Transmission Channels and Policy Options
Shant Arzoumanian
This paper studies how output fluctuations in Russia are transmitted internationally. Using vector autoregression (VAR) and dynamic panel models, the paper finds that Russia’s output fluctuations are an important driver of output fluctuations of countries in the region, especially for oil importers, and are transmitted increasingly via trade and market confidence channels. The magnitude of cross-border spillovers is larger for countries with relatively high bilateral trade concentration, low export diversification, and weak external buffers. The paper also finds evidence that stronger public institutional quality- especially in the fiscal area- may help insulate countries from volatility in the Russian sovereign debt market.
Keywords:
Spillovers; international business cycles; trade; remittances; FDI; market confidence; emerging markets; output fluctuation; policy option; spillovers from Russia; CIS economy; Annex I. data definition; Business cycles; Oil prices; Exports; Global
Cover IMF Staff Papers
IMF Staff Papers, Volume 52, No. 1
International Monetary Fund. Research Dept.
This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdependence is a factor in understanding the spread of currency crises; can remittance payments from expatriates be a reliable source of capital for economic development?; total factor productivity; designing a VAT for the energy trade in Russia and Ukraine; and lastly, a discussion of the reasons for central bank intervention in ERM-I since 1993
Keywords:
SP; trading partner; worker remittance; TFP estimate; crisis probability; recession state; output loss; Exchange rates; Remittances; Conventional peg; Value-added tax; Total factor productivity; Global; Baltics; East Asia; Middle East; North Africa; Central Asia; Sub-Saharan Africa; Europe