The article represents the main stages and ongoing results of economic reforms in the Republic of Kyrgyzstan in 1990—2008. Basic directions of reforms in agriculture, industry and financial sector, establishment of market-oriented democratic institutions are analyzed. Issues of sustainability...

The article presents an empirical investigation of the impact of the Balassa—Samuelson effect on the real ruble appreciation in 1999—2007. We consider long-run, supply-side determinants of the real ruble exchange rate, such as changes in terms of trade and labor productivity. Using Russian...