Decoupling from the East Toward the West? Analyses of Spillovers to the Baltic Countries

This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading partners, as well asfrom the real effective exchange rate (REER). Our results show there are significant cross-country spillovers to the Baltics with those from the EU outweighing spi...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02238nmm a2200505 u 4500
001 EB000930813
003 EBX01000000000000000724409
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451872729 
245 0 0 |a Decoupling from the East Toward the West? Analyses of Spillovers to the Baltic Countries 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2009 
300 |a 38 pages 
651 4 |a Russian Federation 
653 |a International finance 
653 |a Energy: Demand and Supply 
653 |a Externalities 
653 |a Oil prices 
653 |a Dynamic Treatment Effect Models 
653 |a Currency; Foreign exchange 
653 |a Real effective exchange rates 
653 |a Trade: General 
653 |a Diffusion Processes 
653 |a Exports and Imports 
653 |a International economics 
653 |a Spillovers 
653 |a Vector autoregression 
653 |a Time-Series Models 
653 |a Foreign Exchange 
653 |a Exports 
653 |a Prices 
653 |a Macroeconomics 
653 |a Econometrics 
653 |a Dynamic Quantile Regressions 
653 |a Econometrics & economic statistics 
653 |a Foreign exchange 
710 2 |a International Monetary Fund 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451872729.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2009/125/001.2009.issue-125-en.xml?cid=23002-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading partners, as well asfrom the real effective exchange rate (REER). Our results show there are significant cross-country spillovers to the Baltics with those from the EU outweighing spillovers from Russia. Shocks to the REER generally depress growth in the Baltics, and this intensifies over time. We also find that financial and trade channels dominate the transmission of spillovers to the region which partly explains the realization of downside risks to the Baltics from the global slowdown