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
Cover of the book Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97 by Luis Mr. Valdivieso, INTERNATIONAL MONETARY FUND
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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.

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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.

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