Dreger, Christian; Kholodilin, Konstantin A.; Ulbricht, Dirk - In: Journal of Comparative Economics 44 (2016) 2, pp. 295-308
deterioration could be the sharp decline in oil prices starting in summer 2014. Using high-frequency data on nominal exchange and … interest rates, oil prices, actual and unanticipated sanctions, we provide evidence on forces underlying the ruble exchange …. The results indicate that the bulk of the depreciation can be related to the decline of oil prices. In addition …