Return to Growth in Cis Countries

by De Souza, Lucio Vinhas; Havrylyshyn, Oleh

• ISBN13: 9783540342632
• ISBN10: 354034263X
• Format: Hardcover
• Copyright: 2006-09-30
• Publisher: Springer Verlag

Summary

The aim of this book is to analyse specific sets of macro and structural policies in selected Eastern European countries. The book includes studies on the major Western CIS (Commonwealth of Independent States) countries, Belarus, Russia and Ukraine, plus a set of cross-country and regional studies. The focus is on the link between sustained economic growth and macro and structural economic policies in the CIS countries where recovery lagged until recently. By analysing how government policy can affect the relevant variables and behavioural framework in an economy and how these countries can achieve stability and engage in micro-structural reforms for long-run growth, the book contributes importantly to the discussion about the economic prospects of the CIS countries.

Table of Contents

Chapter 1. Introduction: Growth Resumption in the CIS Countries	1	(22)
Lúcio Vinhas de Souza, Oleh Havrylyshyn
Part I: Russia
Chapter 2. Monetary Policy Transmission and CBR Monetary Policy	23	(17)
Yulia Vymyatnina
Chapter 3. Choice of the Substitution Currency in Russia: How to Explain the Dollar's Dominance?	40	(33)
Anna Dorbec
Chapter 4. Monetary Policy in Russia	73	(17)
Brigitte Granville, Sushanta Mallick
Chapter 5. Russia's Economic Expansion 1999-2005	90	(32)
Rudiger Ahrend
Part II: Ukraine
Chapter 6. Evidence on the Bank Lending Channel in Ukraine	122	(22)
Inna Golodniuk
Chapter 7. Now So Near, and Yet Still So Far: Relations Between Ukraine and the European Union	144	(47)
Lúcio Vinhas de Souza, Rainer Schweickert, Veronica Movchan, Olena Bilan, Igor Burakovsky
Part III: Belarus
Chapter 8. Modeling the Demand for Money and Inflation in Belarus	191	(22)
Igor Pelipas
Chapter 9. Economic Growth in Belarus (1996-2004): Main Drivers and Risks of the Current Strategy	213	(54)
Marina Bakanova, Lev Freinkman
Part IV: Cross Country Studies
Chapter 10. Why is Financial Strength Important for Central Banks?	267	(14)
Franziska Schobert
Chapter 11. The Impact of Financial Openness on Economic Integration: Evidence from Europe and the CIS	281	(19)
Fabrizio Carmignani, Abdur Chowdhury
Chapter 12. Debt Sustainability in the Wider Eastern European Region: The Long Shadow of the EU	300	(17)
Lúcio Vinhas de Souza, Natalya Selitska
Index	317	(3)
List of Tables	320	(3)
List of Figures	323	(3)
List of Boxes	326	(1)
Contributors	327