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CBE Research Seminar Series: Exchange Rate Variability and Optimum Currency Area Theory: Evidence from Post-Soviet Countries

April 6, 2016 @ 5:30 pm - 6:30 pm +04

This event is open to AUA Community only.

In their research, Gayane Barseghyan and Vardan Baghdasaryan apply theory of optimum currency area to post Soviet and other selected countries in order to evaluate perspectives and comparisons of common currency area. Exchange rate variability is found to be significantly driven, among others, by trade linkages and inflation differential. However, the variability of bilateral exchange rate is largely explained by the average variability of each country’s currency against the US dollar, and at the same time, considering the Russian ruble as an anchor currency they assess the readiness of countries for monetary unification. Preliminary results suggest that although Armenia is a member of the Eurasian Economic Union (EEU), the readiness to adopt common currency does not differ from other countries of South Caucasus.

gayane-bGayane Barseghyan is an Assistant Professor at the CBE. She joined the AUA as a full time faculty member in 2015. Prior to joining AUA, Dr. Barseghyan was a senior economist at the Central Bank of Armenia. She has received her PhD in Economics from Yerevan State University in 2013. She teaches Microeconomic Theory, Macroeconomic Theory, Monetary Policy and Financial Markets. Her current research interests are broadly in the area of macroeconomics.

IMG_5890Vardan Baghdasaryan is an Assistant Professor at the American University of Armenia. Prior to AUA, he was the senior consultant in a local consulting firm specialized in technical assistance advisory services to international donor organizations, and deputy director at the Center of European Studies (EU funded project). More recent consulting projects include contribution to development of the Armenia Development Strategy (ADS), assistance to tax code development and analysis of redistributive tax policies, and public finance management reforms. His research interests are in the field of political economy and development economics.

 

Details

Date:
April 6, 2016
Time:
5:30 pm - 6:30 pm +04
Event Category:

Organizer

Manoogian Simone College of Business and Economics (CBE)
Phone
+374 60 61 26 20; +374 60 69 40 40; +374 10 32 40 40;
Email
info@aua.am, cbeoffice@aua.am
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