LEADER 05312oam 22010214 450 001 9910828513403321 005 20240402044904.0 010 $a1-4623-2245-X 010 $a1-4527-3693-6 010 $a1-282-84464-4 010 $a1-4518-7422-7 010 $a9786612844645 035 $a(CKB)3170000000055404 035 $a(SSID)ssj0001477319 035 $a(PQKBManifestationID)11834666 035 $a(PQKBTitleCode)TC0001477319 035 $a(PQKBWorkID)11450188 035 $a(PQKB)10611421 035 $a(OCoLC)671571351 035 $a(IMF)WPIEE2009277 035 $a(MiAaPQ)EBC1606012 035 $a(EXLCZ)993170000000055404 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aHow Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels /$fJaime Espinosa-Bowen, Nadeem Ilahi, Fahad Alturki 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a26 p. $cill 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1838-0 320 $aIncludes bibliographical references. 327 $aIntro -- Contents -- I. Introduction -- II. Background -- III. Empirical Specification -- IV. Data and Summary Statistics -- V. The Findings -- A. Panel Results -- B. VAR Results -- VI. Conclusion -- References -- Tables -- 1. Testing for Unit Root -- 2. Summary Statistics -- 3. Determinants of GDP Growth in CIS Countries -- 4. Determinants of GDP Growth in CIS Countries-Trade Channel -- 5. Determinants of GDP Growth in CIS Countries (Excluding Russia)-Financial Linkages -- 6. Determinants of GDP Growth in CIS Countries-Remittances -- 7. Determinants of GDP Growth in CIS Countries-Combined -- 8. Forecast Error Variance Decompositions of Growth in CIS -- Figures -- 1. Average Share of CIS Countries' Exports to Russia and Europe -- 2. Ratio of Remittances from Russia and Europe to GDP of Non-Russian CIS Countries -- 3. Outflow of Remittances from Russia -- 4. Russia and CIS: The Crisis of 1998 -- 5. Growth in CIS Countries, Russia, and Euro Area -- 6. Russian Current Account Balance, NIF, and CIS Growth -- 7. Impact of Russian Growth on Growth in CIS Countries: Effects by Country -- 8. Impact of Euro Area Growth on Growth in CIS Countries: Effects by Country -- 9. Proportion of the CIS Growth Variations that are due to Russian Growth -- 10. Proportion of the CIS Growth Variations that are due to Euro Area Growth -- Appendix Table -- 1. Correlation. 330 3 $aWe test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in Russia, overall, as well as through the trade, financial and remittance channels over the last decade or so. The results point to the continued existence of economic links between the CIS countries and Russia, though these links may have altered since the 1998 crisis. Russia appears to influence regional growth mainly through the remittance channel and somewhat less so through the financial channel. There is a shrinking role of the trade (exports to Russia) channel. Russian growth shocks are associated with sizable effects on Belarus, Kazakhstan, Kyrgyz Republic, Tajikistan, and, to some extent, Georgia. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/277 606 $aBusiness cycles$zRussia (Federation) 606 $aCapital movements$zRussia (Federation) 606 $aExports and Imports$2imf 606 $aForeign Exchange$2imf 606 $aMacroeconomics$2imf 606 $aRemittances$2imf 606 $aCurrent Account Adjustment$2imf 606 $aShort-term Capital Movements$2imf 606 $aEnergy: Demand and Supply$2imf 606 $aPrices$2imf 606 $aInternational economics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aReal effective exchange rates$2imf 606 $aCurrent account balance$2imf 606 $aOil prices$2imf 606 $aCurrent account$2imf 606 $aBalance of payments$2imf 606 $aInternational finance$2imf 607 $aRussian Federation$2imf 615 0$aBusiness cycles 615 0$aCapital movements 615 7$aExports and Imports 615 7$aForeign Exchange 615 7$aMacroeconomics 615 7$aRemittances 615 7$aCurrent Account Adjustment 615 7$aShort-term Capital Movements 615 7$aEnergy: Demand and Supply 615 7$aPrices 615 7$aInternational economics 615 7$aCurrency 615 7$aForeign exchange 615 7$aReal effective exchange rates 615 7$aCurrent account balance 615 7$aOil prices 615 7$aCurrent account 615 7$aBalance of payments 615 7$aInternational finance 676 $a332.042 700 $aEspinosa-Bowen$b Jaime$01704939 701 $aIlahi$b Nadeem$01688435 701 $aAlturki$b Fahad$01679781 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910828513403321 996 $aHow Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels$94091261 997 $aUNINA