How Russia Affects the Neighborhood : Trade, Financial, and Remittance Channels /

We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in Russia, overall, as well as through the trade, financial and remittance channels over the last decade or so. The results point to the continued existence of economic links between the CI...

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Bibliografiske detaljer
Hovedforfatter: Espinosa-Bowen, Jaime
Andre forfattere: Alturki, Fahad, Ilahi, Nadeem
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2009.
Serier:IMF Working Papers; Working Paper ; No. 2009/277
Online adgang:Full text available on IMF
Beskrivelse
Summary:We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in Russia, overall, as well as through the trade, financial and remittance channels over the last decade or so. The results point to the continued existence of economic links between the CIS countries and Russia, though these links may have altered since the 1998 crisis. Russia appears to influence regional growth mainly through the remittance channel and somewhat less so through the financial channel. There is a shrinking role of the trade (exports to Russia) channel. Russian growth shocks are associated with sizable effects on Belarus, Kazakhstan, Kyrgyz Republic, Tajikistan, and, to some extent, Georgia.
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Fysisk beskrivelse:1 online resource (25 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Adgang:Electronic access restricted to authorized BRAC University faculty, staff and students