The analysis of dollar inflation performed by the authors through the approximation of empirical data for 1913-2012 with a power-law function with an accelerating log-periodic oscillation superimposed over it has made it possible to detect a quasi-singularity point around the 17th of December,...

Abstract: 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...

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

Using data on foreign borrowing, I identify Russian banks that were affected by the sudden stop of external financing caused by the Lehman Brothers' collapse. Applying the difference-in-difference method, I compare these "affected" banks to "unaffected" ones and find that the Russian Central...

The article presents the main stages and ongoing results in the Republic of Kyrgyzstan in 1990-2008. Basic directions of reforms in agriculture, industry, and the financial sector as well as the establishment of market-oriented democratic institutions are analyzed.

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...