Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | Luis Mr. Valdivieso | ISBN: | 9781452757049 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | January 6, 1999 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Luis Mr. Valdivieso |
| ISBN: | 9781452757049 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | January 6, 1999 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
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.
