The crisis in Russia and its spreadingover the CIS countries: Transmission channels

E. Fedorova ()

Voprosy Ekonomiki, 2016, issue 7

Abstract: This study evaluates the channels of crises transmission from Russia to the CIS countries on the basis of a Bayesian vector autoregression model. The empirical base of the study consists of 11 macroeconomic indicators of the CIS countries on quarterly data for the period from 2002 to 2015. It has been revealed that the monetary channel of transmission plays the main role. The economy of the CIS countries reacts stronger to the financial stress in Russia than the Russian economy itself, and over time the impact of the financial stress in Russia on the economy of the CIS countries only increases on average by1.5-2 times throughout the year.

Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.vopreco.ru/jour/article/viewFile/214/214 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2016:id:214

DOI: 10.32609/0042-8736-2016-7-78-92

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().