Russian Federation : Selected Issues

1RUSEA2008001 Image
Price:  $18.00

Release Date: © September, 2008
ISBN : 978-1-45183-316-4
Stock #: 1RUSEA2008001
Stock Status: On back-order

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Description

This Selected Issues paper for the Russian Federation discusses existing empirical efforts to measure the determinants of cross-country financial integration. Empirical studies that have adopted the gravity-model framework have found that it is generally successful in explaining bilateral financial flows. If the pension gap were to be financed through the budget, the model simulations suggest that fiscal room is best created by lowering government consumption. Consideration should be given to outsourcing the management of the mandatory contributions to private asset managers.

Taxonomy

Asset prices , Capital markets , Economic policy , Financial institutions and markets , Pensions , Social policy




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