Policy Briefing Series

• 20.07.2018

  The economic impact of FDI on Ukraine

  (Code:PS/01/2018)
  Foreign Direct Investment (FDI) strongly benefits Ukraine. Although only relatively few companies in Ukraine are fully or partly owned by foreign investors, these companies are on average much larger and productive than purely domestic companies and pay higher wages.
  Authors:  Kravchuk Vitaliy, Заха Девід, Кірхнер Роберт
  Research spheres:  International economics
• 18.03.2014

  Public Debt Restructuring: An overview of the key issues

  (Code:PB_04_2014)

  Ukraine faces immense economic and political challenges. Significant twin deficits in the current and fiscal accounts and significant FX debt repayments come at a time when the access to foreign capital markets is restricted, and FX reserves are at multi-year lows, significantly below any commonly accepted reserve coverage ratio. In this situation, external financial support is clearly needed, and the current negotiations with the IMF is the right approach. During program discussions, the issue of a possible public debt restructuring via private sector involvement (PSI) could become an issue. A crucial aspect in this respect is the right diagnosis: Does Ukraine suffer from a liquidity and/or a solvency problem? Difficult to clearly separate both issues; to some extent also intertwined. This policy briefing attempts to contribute to the current discussion

  Authors:  Betliy Oleksandra, Kravchuk Vitaliy, Robert Kirchner, Ricardo Giucci
  Tags:  German Advisory Group
• 18.01.2014

  Access to External Finance by Industrial Companies under two scenarios: Westward vs. Eastward Integration

  (Code:PB_01_2014)

  Comparison of access to external finance by industrial companies under two scenarios

  Authors:  Kravchuk Vitaliy, Robert Kirchner, Ricardo Giucci
  Tags:  German Advisory Group