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

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...

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Bibliographic Details
Main Author: Stepanyan, Ara
Other Authors: Minasyan, Gohar, Ostojic, Dragana, Roitman, Agustin
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:Spillover Notes; Spillover Notes ; No. 2016/003
Online Access:Full text available on IMF
Description
Summary: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.
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Physical Description:1 online resource (26 pages)
Format:Mode of access: Internet
ISSN:2522-7890
Access:Electronic access restricted to authorized BRAC University faculty, staff and students