Political Instability and the August 1998 Ruble Crisis

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.

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Year of publication:	2006
Authors:	Fic, Tatiana ; Saqib, Omar F.
Institutions:	DIW Berlin (Deutsches Institut für Wirtschaftsforschung)
Subject:	Currency crises \| political instability

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Extent:	application/pdf
Series:	Discussion Papers of DIW Berlin. - ISSN 1619-4535.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 626 17 pages long
Classification:	F31 - Foreign Exchange ; C13 - Estimation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004963963