Browsing by Subject "konfliktit"

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  • Fidrmuc, Jarko; Moroz, Serhiy; Reck, Fabian (2020)
    BOFIT Discussion Papers 25/2020
    Published in Empirica 48, 645-660 (2021)
    This paper analyzes the impact of ethnic heterogeneity and military conflict on the degree of regional consumption risk-sharing in Ukraine. Ethnicity and violent conflicts can influence risk-sharing e.g. through social capital, ethnic fractionalization, migration, and remittances. The sample consists of 25 Ukrainian oblasts and covers the highly volatile period from 2003 to 2016. Our results suggest that the degree of consumption risk-sharing is comparably high; between 70 and 80 percent on average. Moreover, consumption risk-sharing is significantly higher in the regions with a large Russian minority, which are enjoying special treatment by Russia. By contrast, the degree of financial development, as proxied by deposit and loan share in GRP, does not significantly affect the regional degree of consumption risk-sharing. Furthermore, we apply spatial models to control for spatial dependence across regions. Results are confirmed and it is shown that spatial correlation is important. Finally, we show that the recent geopolitical conflict in east Ukraine changed the regional degree of consumption risk-sharing.
  • Pham, Tho; Talavera, Oleksandr; Tsapin, Andriy (2018)
    BOFIT Discussion Papers 21/2018
    This paper exploits the geopolitical conflict in Eastern Ukraine as a negative shock to banking sector and examines the shock transmission. We find that banks with more loans in the conflict areas during the pre-conflict period face a higher level of bad loans in other markets after the shock. This effect is stronger in the regional markets which are closer to the conflict zone. We also find evidence for the “flight to headquarters” effect in post-conflict lending. Specifically, while more affected banks tend to cut their credit supply, the larger contraction is observed in regional markets located farther from headquarters.
  • Parviainen, Seija; Simola, Heli (2016)
    Euro & talous. Analyysi
    Turkin naapurimaiden Irakin ja Syyrian talouksia ovat koetelleet viime vuosina alueen vakavat levottomuudet. Arabikevään jäljiltä jatkuvat sisällissodat, taistelu ISISiä vastaan ja ratkaisematon kurdikysymys ovat aiheuttaneet mittavia aineellisia ja inhimillisiä menetyksiä sekä aikaansaaneet suuria pakolaisvirtoja Irakista ja Syyriasta varsinkin Turkkiin.