Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97 |
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| Author:
| Morand, Luis
Valdivieso, Luis M.
International Monetary Fund Staff, |
| Series title: | Occasional Papers |
| ISBN: | 978-1-55775-780-7 |
| Publication Date: | Jan 1999 |
| Publisher: | International Monetary Fund
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| Book Format: | Paperback |
| List Price: | USD $15.00 |
Book Description:
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This paper discusses the significant overall progress with macro stabilization of these transition countries during 1992-1997. While average inflation declined steadily since 1992, output fell significantly for many of these countries during this period, and it was not unti 1996-97 that as a group they experienced positive growth, financial policies, the current account, competitiveness, debt-and non-debt-creating capital flows, and the initial impact of the Asian crisis.
This paper discusses the significant overall progress with macro stabilization of these transition countries during 1992-1997. While average inflation declined steadily since 1992, output fell significantly for many of these countries during this period, and it was not unti 1996-97 that as a group they experienced positive growth, financial policies, the current account, competitiveness, debt-and non-debt-creating capital flows, and the initial impact of the Asian crisis.