Political Instability and the August 1998 Ruble Crisis
AbstractThe main objective of this study is to highlight the importance of political instability, defined as frequent changes in and of government, in undermining the Russian exchange rate based stabilization program of the 1990s. The empirical evidence supports the significance of political instability along with economic fundamentals in determining Russian real effective exchange rate and exchange market pressure, used as a proxy to the crisis.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 21 (2006)
Issue (Month): ()
Currency crises; Economic fundamentals; Political instability;
Other versions of this item:
- Tatiana Fic & Omar F. Saqib, 2006. "Political Instability and the August 1998 Ruble Crisis," Discussion Papers of DIW Berlin 626, DIW Berlin, German Institute for Economic Research.
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- F31 - International Economics - - International Finance - - - Foreign Exchange
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