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24 June 2021
On 22 June 2021, the CAREC Institute in partnership with the Asian Development Bank (ADB) held a webinar on the prospects of integration and cooperation processes on the Euro-Asian continent and the implications for CAREC. EDB and EFSD Chief Economist Evgeny Vinokurov was among the speakers
11 June 2021
A new book by Evgeny Vinokurov, EDB and EFSD Chief Economist, and Alexander Libman, Professor of Russian and East European Politics at the Freie Universität Berlin, has recently been published. It sheds new light on Eurasian connectivity and regionalism before and after the pandemic
21 May 2021
In the global financial architecture, the functions of anti-crisis support and macroeconomic stabilization are performed by the institutions of the global financial safety net (GFSN). The volume of available financing within the framework of GFNS has grown 10 times over the past decade and reached the equivalent of 4% of world GDP. The literature’s standard understanding of a system of national reserves, swap agreements, regional financial mechanisms, and the IMF requires enlargement. The article proposes the concept of an enlarged global financial safety net, namely by including two new elements — multilateral development banks and bilateral financial support. The manifestations of this phenomenon in many regions of the world are shown in the activities of the largest international development banks and at the level of macroeconomic stabilization financing by individual donor countries, including during the current COVID crisis.
12 March 2021
Rating of TOP–10 risks for Eurasia in 2021 is an analytical project aimed at evaluating major threats for Eurasian macroregion
08 February 2021
The research paper aims to provide analysis of the current state of the Global Financial Safety Net (GFSN) in the global financial architecture. The authors introduce and substantiate the concept of an enlarged Global Financial Safety Net
27 August 2020
A Expert Opinion for the Valdai Club by Evgeny Vinokurov, EFSD Chief Economist
23 December 2019
The implications of the Kyrgyz Republic’s unusual geography are at least threefold. First, the country faces an infrastructure deficit, and it will need to allocate a relatively high proportion of its budget to infrastructure. Second, the transit arrangements with its neighbors will always be critically important. Third, air transport is a vital connection, and the Kyrgyz Republic has sensibly adopted an open skies civil aviation policy with effective gateways to the major cities of Bishkek and Osh. The possibility of direct flights to Europe continues to be restricted because the Kyrgyz Republic’s airlines do not meet European safety standards
16 November 2018
The phenomenon of remittances has become an integral part of some economies in Central Asian region. Two crises of 2009 and 2014 have shown how drastically the economic situation in Kyrgyzstan, Tajikistan and Uzbekistan can worsen once they witness a dramatic f all of migrant remittances. The dynamics of remittances has become one of the main macroeconomic indicators that are closely tracked by policy makers at these countries. To predict possible shock spillovers via the remittances channel policymakers may benefit from the awareness of what macroeconomic variables remittances depend on. This paper makes an attempt to define main macroeconomic f actors that may help policy makers to predict the future path of remittances.
03 July 2018

Global governance, which has encouraged world economic growth and development, is under transformation, shifting towards multipolarity. The US-led Bretton Woods order is giving way to a new configuration of global power, new coalitions of states, new governance, and new institutions. This process has largely been triggered by the US retreat from global duties. But who could be the new guardian of globalization?

12 March 2018
This article raises the question of the need for the EAEU member states to implement joint projects and programs that could combine the efforts of previously isolated and competing public organizations (NGOs) and commercial companies in protecting the interests of the Union in the global information and economic space. Acting in the international public space from the joint positions and in the interests of the EAEU, the “Eurasian” alliances of companies and public organizations of the Union member states, creating goods and information products under the brand “Made in the interests of the EAEU”, could significantly change the nature and perception of the Eurasian Union and realize the full potential of integration
15 January 2018

In the light of the implications of China’s Belt and Road Initiative (BRI) for Greater Eurasia and, in particular, Eurasian Economic Union (EAEU) countries, this paper assesses the prospects of seven actual and potential trans-Eurasian overland transport corridors. Based on the analysis of trade flows, railway tariffs, existing restrictions and individual routes’ potential efficiency, the most promising overland China–EU and China–EAEU transport corridors and their prospective goods nomenclatures are identified. China–EAEU–EU transit is interpreted as the ‘story of the container’. The principal interests of EAEU countries in developing BRI transport corridors are identified, as are the opportunities that involvement in China’s BRI affords for the promotion of a substantial transit business and, most importantly, better regional and interregional connectivity within both the EAEU and Greater Eurasia.

26 September 2017

This paper is based on a comprehensive report by the EDB Centre for Integration Studies. It combines macroeconomic, microeconomic, and sociological (both quantitative and qualitative) approaches to assessing the state of labor migration, its effects on Kyrgyzstan’s human capital, and the potential impact of Kyrgyzstan’s accession to the Belarus-Kazakhstan-Russia Customs Union (CU) and Single Economic Space (SES) for Kyrgyz labor-resource flows. It also examines money transfers, the labor-market environment, institutions and migratory networks, the education system, and workforce training.

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2021