Special reports – Eurasian Development Bank

The EDB operating region is actively involved in international trade and the movement of financial assets. Its member States’ export and import operations remain commodity dominated, so their economies stay exposed to fluctuations in the world commodity markets – mainly, energy markets. The openness of the region’s economies and the degree of integration of its biggest countries (Russia and Kazakhstan) into the global financial market means that external demand shocks have a considerable impact on their economic development 04 December 2019

Back in the late 19th century Alfred Marshall noted that proximately located enterprises form ‘industrial districts’ where communication among workers becomes more intense, which leads to quicker spread of new ideas, improvement of production processes, and closer social ties. A century later, growing globalisation, competition and intense innovative development, along with the great success of such regional formations as Silicon Valley, led researchers to return to the subjects of location, innovation and regional economic development. 15 October 2019

In recent decades, the world economy has been undergoing a digital transformation that continues to bring about substantial changes in all areas of life. This global trend has had a considerable effect on the business, society and state structures of all the EDB member countries. After the global crisis of 2008–2009, digital industries became some of the most dynamic and promising ones in the global economy. In many developed countries, growth rates of digital and information industries have overtaken that of GDP. Nevertheless, the growing digital gap between countries and regions, narrow, nation-focused approaches to digital security issues and asymmetric opportunities and risks of the digital economy for different economic agents are among the main barriers to digital transformation and the implementation of breakthrough technology 23 September 2019

This Special Report examines the pass-through effect of the exchange rate on inflation in member countries of the Eurasian Development Bank. Special attention is paid to assessing pass-through effect changes that occurred in recent years and to analyzing asymmetric and non-linear relationships between exchange rates and inflation in the region’s countries. The results obtained confirm the exchange rates’ significance for inflation movements in EDB economies. 25 June 2019