Russian Federation: Selected Issues

April 4, 2002

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Russian Federation: Selected Issues, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

The Selected Issues paper and Statistical Appendix analyzes output developments in the Russian Federation since the 1998 crisis. It outlines near-term growth prospects for the economy. The paper highlights that output growth accelerated in 1999 and the first half of 2000, but has slowed since then. The initial output recovery was led by import substitution as a result of the large exchange rate depreciation in 1998. One finding in the context of an overall policy package is that the real exchange rate and oil prices were the main determinants of growth after the 1998 crisis.

Subject: Banking, Commercial banks, Demand for money, Financial institutions, Fiscal policy, Fiscal stance, Monetary base, Money, Oil prices, Prices

Keywords: Central Africa, Commercial banks, CR, Demand for money, East Africa, Europe, Fiscal stance, Foreign currency, GDP, Global, Gross investment, ISCR, Middle East, Monetary base, Oil price, Oil prices, Ruble broad money, Transition economy, Western Hemisphere

Publication Details

Pages:

157
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/075
Stock No:

1RUSEA0022002
ISBN:

9781451833034
ISSN:

1934-7685

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