Influence of External Shocks on the Central Asian Region

Background

Research evidence shows that emerging markets are extremely vulnerable to volatility in the external environment, for example, the prices of natural resources, inflows of remittances or the macroeconomic fluctuations of major trading partners.

Problems identified

The client tasked Leverage Consulting with analyzing the channels through which external shocks may have an impact on the Central Asian economies.

Solutions

Leverage Consulting prepared a comprehensive analytical report encompassing several empirical models to test the long- and short-term correlations between commodity prices and economic growth rates, and other potential channels through which further devaluations of currencies or stagnation in Russia may hamper economic development in the region.

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