Trade openness remains one of the key drivers of exchange rate fluctuations in both the long-run and short-run. The relationship between trade openness and exchange rate has long been explained in many theoretical and empirical studies. Nevertheless…
The evolution of international economic relations in recent years has prompted the Russian Federation to reconsider its role in the neighborhood and on the global stage. In particular, the Ukrainian crisis and the Western economic sanctions against…
The BRICS cooperation plays an increasing role for the foreign economic strategy of the Russian Federation. There is a certain potential in strengthening Russian trade ties with the BRICS countries, but at the same time the authors underline an…