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Russian economic report No. 17 (November 2008), The World Bank

Author

Listed:
  • Zeljko, Bogetic
  • Karlis, Smits
  • Sergey, Ulatov
  • Olga, Emelyanova
  • Marco, Hernandez

Abstract

After a decade of high growth, the Russian econoomy is experiencing a slowdown in the wake of the global financial crisis. While Russia's strong short-term macroeconomic fundamentals make it better than many emerging economies to deal with the crisis, its underlying structural weaknesses and high dependence on the price of a single commodity make its impact more pronounced than otherwise. But the crisis also presents an opportunity to address the medium- to longer term challenges of competitiveness, economic diversification, and financial sector modernization which are necessary to boost growth and living standards.

Suggested Citation

  • Zeljko, Bogetic & Karlis, Smits & Sergey, Ulatov & Olga, Emelyanova & Marco, Hernandez, 2008. "Russian economic report No. 17 (November 2008), The World Bank," MPRA Paper 12434, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:12434
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    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/12434/1/MPRA_paper_12434.pdf
    File Function: original version
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    Citations

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    Cited by:

    1. repec:zbw:bofitp:2013_029 is not listed on IDEAS
    2. François Guillemin & Maria Semenova, 2020. "Transparency and market discipline: evidence from the Russian interbank market," Annals of Finance, Springer, vol. 16(2), pages 219-251, June.
    3. Stephan Barisitz & Gernot Ebner & Mathias Lahnsteiner & Johannes Pann, 2009. "Banking and Financial Stability in Russia and the Euro Area amid International Financial Market Turbulences," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 17, pages 123-142.
    4. Andrievskaya, Irina & Semenova, Maria, 2013. "Market discipline and the Russian interbank market," BOFIT Discussion Papers 29/2013, Bank of Finland, Institute for Economies in Transition.
    5. Andrievskaya, Irina & Semenova, Maria, 2013. "Market discipline and the Russian interbank market," BOFIT Discussion Papers 29/2013, Bank of Finland Institute for Emerging Economies (BOFIT).

    More about this item

    Keywords

    Russia; Russian economy; Russian financial crisis; energy efficiency;
    All these keywords.

    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • A10 - General Economics and Teaching - - General Economics - - - General
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • F3 - International Economics - - International Finance
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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