학술저널
Political Instability and the August 1998 Ruble Crisis
Political Instability and the August 1998 Ruble Crisis
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제21권 제4호
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2006.12764 - 783 (20 pages)
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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.
Ⅰ. Introduction
Ⅱ. The Motivation
Ⅲ. Estimation Methodology and Data
Ⅳ. Findings
Ⅴ. Concluding Remarks
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