How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels

How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels
Author: Mr.Nadeem Ilahi
Publisher: International Monetary Fund
Total Pages: 27
Release: 2009-12-01
Genre: Business & Economics
ISBN: 1451874227

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.

How Russia Affects the Neighborhood

How Russia Affects the Neighborhood
Author: Nadeem Ilahi
Publisher:
Total Pages: 26
Release: 2015
Genre:
ISBN:

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.

Regional Economic Outlook, May 2009, Middle East and Central Asia

Regional Economic Outlook, May 2009, Middle East and Central Asia
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
Total Pages: 61
Release: 2009-05-10
Genre: Business & Economics
ISBN: 1589068424

The global crisis is now affecting the countries in the Middle East and Central Asia region, and economic and financial vulnerabilities are rising. In the Middle East and North Africa, good economic fundamentals, appropriate policy responses, and sizable currency reserves are helping mitigate the impact of the shock. In the Caucasus and Central Asia, lower commodity prices and adverse economic developments in Russia have hit hard. The report notes that countries should prepare for the contingency of a prolonged global slowdown by supporting domestic demand for a longer period and strengthening financial systems further. In some countries with rising unemployment, it will be important to target government resources and policies on protecting the poor; in others, increased donor support will be necessary to maintain needed economic development.

Russia's Impact on EU Policy Transfer to the Post-Soviet Space

Russia's Impact on EU Policy Transfer to the Post-Soviet Space
Author: Esther Ademmer
Publisher: Routledge
Total Pages: 313
Release: 2016-09-01
Genre: Political Science
ISBN: 1317371852

Russia's impact on EU policy transfer to the post-Soviet space has not been as negative as often perceived. EU policies have traveled to countries and issue areas, in which the dependence on Russia is high and Russian foreign policy is increasingly assertive. This book explores Russia's impact on the transfer of EU policies in the area of Justice, Liberty, and Security and energy policy - two policy areas in which countries in the EU's Eastern neighborhood are traditionally strongly bound to Russia. Focusing especially on Armenia and Georgia, it examines whether it is the structural condition of interdependence, the various institutional ties and similarities of neighboring countries with the EU and Russia, or their concrete foreign policy actions that have the greatest impact on domestic policy change in the region. The book also investigates how important these factors are in relation to domestic ones. It identifies conditions under which different degrees of EU policy transfer occur and the circumstances under which Russia exerts either supportive or constraining effects on this process. This book will be of key interest to students and scholars of EU and European politics, international relations and comparative politics.

Global Financial Contagion

Global Financial Contagion
Author: Shalendra D. Sharma
Publisher: Cambridge University Press
Total Pages: 405
Release: 2014
Genre: Business & Economics
ISBN: 1107027209

This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies - including the Eurozone, Russia, China, India, East Asia, and the Middle East - have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G-20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.

Republic of Kazakhstan

Republic of Kazakhstan
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 57
Release: 2009-10-06
Genre: Business & Economics
ISBN: 1451821026

Kazakhstan’s financial system remains highly stressed despite large-scale government support; the economy is expected to contract in the near future. The staff report for Kazakhstan’s 2009 Article IV Consultation discusses economic developments and policies. Kazakhstan is better placed than many emerging market economies to weather the crisis given its large official foreign currency assets, low public debt, and favorable medium-term prospects. A full and independent assessment of all systemically important banks should be carried out in tandem with the strengthening of regulation and supervision, and the improvement of corporate governance.

Russian Language Outside the Nation

Russian Language Outside the Nation
Author: Lara Ryazanova-Clarke
Publisher: Edinburgh University Press
Total Pages: 304
Release: 2014-03-17
Genre: Language Arts & Disciplines
ISBN: 0748668462

This book explores a comprehensive set of tensions which emerged from the dislocated and deterritorialised position of Russian in the contemporary world from a sociolinguistic perspective.

Uruguay

Uruguay
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Total Pages: 78
Release: 2014-01-09
Genre: Business & Economics
ISBN: 1475557701

This 2013 Article IV Consultation highlights that growth in Uruguay has moderated to a more sustainable pace since 2012, mostly owing to weaker external demand. Real GDP growth is projected at 4 percent in 2013 and 3.5 percent in 2014. Fiscal policy loosened in 2012 and is set to remain slightly expansionary in 2013. Annual inflation, at 9 percent in September, remains outside the current target range. The Uruguayan peso appreciated against the backdrop of swelling capital inflows in the year to May 2013. The outlook for the Uruguayan economy is solid, but risks and challenges remain.

Global Economic Prospects, January 2016

Global Economic Prospects, January 2016
Author: WorldBank
Publisher: World Bank Publications
Total Pages: 286
Release: 2016-01-21
Genre: Business & Economics
ISBN: 1464806764

The January 2016 edition of Global Economic Prospects discusses current global and regional economic developments and prospects, analyzing key challenges and opportunities confronting developing countries. This volume addresses, among other topics, spillovers from large emerging markets and macroeconomic vulnerabilities during resource development. Global Economic Prospects is a World Bank Group Flagship Report. Semiannually (January and June), it examines global economic developments and prospects, with a special focus on developing countries. The report includes analysis of topical policy challenges faced by developing countries through in-depth research in the January edition and shorter analytical pieces in the June edition.