This dissertation contains three essays focused on
macroeconomic issues in the Commonwealth Independent
States (CIS). Two essays, which analyse recent
monetary and inflation issues in the CIS, contribute
to empirical studies in the area of monetary
economics of countries under transition. The third
essay explores, formally and empirically, a link
between labor market regulations and international
trade and proposes a possible area of trade
specialization for a number of countries as, for
example, landlocked economies in Central Asia (CA).
The important theoretical point to be gained from
this essay is that there are very clear reasons for
international trade between similar or identical
countries, even between markets that are competitive.
Namely, the rational for international trade can be
based on, apart from the standard concept of
differences in productivities, differences in labor
market regulations among countries.
macroeconomic issues in the Commonwealth Independent
States (CIS). Two essays, which analyse recent
monetary and inflation issues in the CIS, contribute
to empirical studies in the area of monetary
economics of countries under transition. The third
essay explores, formally and empirically, a link
between labor market regulations and international
trade and proposes a possible area of trade
specialization for a number of countries as, for
example, landlocked economies in Central Asia (CA).
The important theoretical point to be gained from
this essay is that there are very clear reasons for
international trade between similar or identical
countries, even between markets that are competitive.
Namely, the rational for international trade can be
based on, apart from the standard concept of
differences in productivities, differences in labor
market regulations among countries.