.

,

-

:




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, .

(exchange rate disconnect puzzle), , , ,
,
.

.
2,
, 3,

4.
,
.
. .5
,
,
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9
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,
.

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overnight index average, EONIA). ,
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.: research.stlouisfed.org.
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(data.worldbank.org).
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, 12, 2010

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22
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25
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28
VIX
: www.cboe.com/vix.

92

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, 12, 2010

95

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96

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