Russian Federation

Publication Date: September 22, 2008
Electronic Access: Free Full text (PDF file size is 710KB).
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Summary: 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.
Series: Country Report No. 08/308
Subject(s): Economic models | Foreign direct investment | Government expenditures | Pension funds | Selected issues | Stock markets | Taxes | Value added tax

Notes Also available in Russian
Publication Date: September 22, 2008
ISBN/ISSN: 9781451833164/1934-7685 Format: Paper
Stock No: 1RUSEA2008001 Pages: 44
US$18.00 (Academic Rate:
US$18.00 )
Publication Date: October 13, 2008
Format: A web quality merged PDF
Stock No: 1RUSRW2008001 Pages: 50
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