Russia is a dominant supplier of natural gas, especially to Europe, and has the resources to become even more dominant in the future. Nevertheless, we show that RussiaÕs ability to influence the world natural gas market is limited in the longer term by competition from alternative suppliers.

We examine the relationship between economic development and energy demand. The paper identifies the development patterns that characterize particular economic sectors, and analyzes the effect of sector-specific energy demand growth rates on the composition of final energy demand. We also...

Many models of exchange rate determination imply that movements in money supplies and demands should result in movements in exchange rates. Hence, if rational agents are attempting to forecast exchange rate movements, they should in the first instance forecast movements in the supplies of and...