Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97

January 6, 1999

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Format: Chicago

Luis Valdivieso. Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97, (USA: International Monetary Fund, 1999) accessed November 23, 2024

Summary

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.

Subject: Currency markets, Debt burden, External debt, Financial markets, Foreign exchange, International capital markets, Real exchange rates

Keywords: Adjustment program, Baltics, Currency markets, Debt burden, Deficit, Exchange market pressure, IMF staff estimate, IMF support, Intermediate reformer, International capital markets, OP, Real exchange rates, Reformer, SBA III, Treasury bill market

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1999/001
Stock No:

S175EA0000000
ISBN:

9781557757807
ISSN:

0251-6365

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