An important condition for the transition to the free float and inflation targeting regime is the ability of the Russian Central Bank to pursue an active independent policy of interest rate adjustment. The purpose of this investigation is to analyze the effect produced by the exchange rate...

In this paper, we exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the perceived stability of the local currency and financial dollarisation. Our results show that regions with higher inflation experience an increase in the dollarisation...

The paper describes an integrated approach to seismic hazard assessment, which was applied for the Taiwan region. First, empirical modelsfor ground motion estimation in the region were obtained on the basisof records from recent (1993-1999) earthquakes. The databaseincludes strong-motion data...

Intermediate-depth earthquakes in the Vrancea region occur in response to stress generation due to descending lithosphere beneath the southeastern Carpathians. In this article, tectonic stress and seismicity are analyzed in the region on the basis of a vast body of observations. We show a...

Consideration of within-earthquake ground-motion correlation is essential for the estimation of seismic hazards, damage, and loss for spatially distributed systems. In many seismically active regions, the strong motion data of real engineering significance are completely unavailable or very...

We exploit variation in consumer price inflation across 71 Russian regions to examine the relationship between the perceived stability of the local currency and financial dollarization. Our results show that regions with higher inflation experience an increase in the dollarization of household...

We investigate the rationale and impact of the corporate debt subsidization program implemented by the Russian government during the recent financial crisis. Employing the difference-in-difference approach, we show that the program did not have a significant impact on capital investments of...

I examine the impact of the Fed's open market operations on the US government bond market. I find that bond market bid-ask spreads are greater, while market depth, trading volume and average trade size are smaller on days when the Fed conducts repo auctions than on days without such operations....