Essays about: "Plashchynski Aleh"

Found 1 essay containing the words Plashchynski Aleh.

  1. 1. Black Market Premium, Case study: Republic of Belarus

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Plashchynski Aleh; Andreas Willgert; [2013]
    Keywords : Uncovered Interest Rate Parity UIP ; Republic of Belarus; Black Market Premium; VECM; Cointegration;

    Abstract : We extend the theory of uncovered interest rate parity to explain the black market premium. The theory is applied to different economic-monetary regimes in Belarus and tested through the estimation of a vector error-correction model (VECM) for the cointegrating relationship between black market prices, interest rate differentials and inflation differentials, using a newly created dataset. READ MORE