The aim of this paper is to estimate the trade gains arising from the constitution of a currency union for a set of economically...

The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy...

The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy...

A small expectations-expanded Mundell-Fleming model is built for the European Union Accession Countries and estimated to assess the...

This paper analyzes the role of banks’ regulatory capitalization in the transmission of monetary policy. We use a confidential dataset...

This paper uses a Markov regime-switching model to assess the vulnerability of a series of Central and Eastern European countries...

Expectations about additional short-run gains from joining monetary union should not be too optimistic. Most of the expected gains...