The Impact of the Russian crises on selected Central and Eastern European countries

Show full item record

Title: The Impact of the Russian crises on selected Central and Eastern European countries
Author: Backe, Peter ; Fidrmuc, Jarko
Organization: Bank of Finland
Suomen Pankki
Department / Unit: Institute for Economies in Transition (BOFIT)
Siirtymätalouksien tutkimuslaitos (BOFIT)
Series: BOFIT Online
Series number: 9/2000
Year of publication: 2000
Publication date: 30.6.2000
Pages: 32 s.
Keywords: rahoitusmarkkinat; Venäjä; kriisit; bkt; KIE; korot; ulkomaankauppa; vaikutukset; Bofit-kokoelma
Abstract: The paper examines the impact of the Russian crisis on five Central and Eastern European countries (the Czech Republic, Hungary, Poland, Slovakia, and Slovenia) in 1998 and 1999.The analysis starts by discussing trade effects and their impact on GDP developments.Subsequently, the focus turns to the financial channel.After a review of immediate and temporary financial contagion effects, the medium-term impact on real interest rates and its implications for investment, consumption and output are scrutinized.Finally, the paper appraises the policy measures that were taken and the policy discussions that unfolded against the backdrop of the Russian crisis.


Files in this item

Total number of downloads: Loading...

Files Size Format View
94779.pdf 435.2Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record