Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18519
Authors: 
Fic, Tatiana
Saqib, Omar F.
Year of Publication: 
2006
Series/Report no.: 
DIW-Diskussionspapiere 626
Abstract: 
The main objective of this study is to highlight the importance of political instability, defined as frequent changes in and of government, in undermining the Russian exchange rate based stabilization program of the 1990s. The empirical evidence supports the significance of political instability along with economic fundamentals in determining Russian real effective exchange rate and exchange market pressure, used as a proxy to the crisis.
Subjects: 
currency crises
political instability
JEL: 
C13
F31
Document Type: 
Working Paper

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