Political Instability and the August 1998 Ruble Crisis

Tatiana Fic and Omar Saqib ()

Journal of Economic Integration, 2006, vol. 21, 764-783

Abstract:

The 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.

Keywords: Currency crises; Economic fundamentals; Political instability (search for similar items in EconPapers)
JEL-codes: C13 F31 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (3)

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Working Paper: Political Instability and the August 1998 Ruble Crisis (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0377

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