The Caucasus and Central Asia: Transitioning to Emerging Markets
Departmental Papers, April 10, 2014
Source details
- Canonical URL
- The Caucasus and Central Asia: Transitioning to Emerging Markets
Other formats
Bibliographic details
- Published: April 10, 2014
- Series: Departmental Papers
- DOI: https://doi.org/10.5089/9781484305140.087
Summary findings
- The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence.
- Average growth of 7 percent over 1996–2011.
- Poverty has declined.
- Inflation has come down sharply from high rates in the 1990s.
- Interest rates have fallen.
- Financial sectors have deepened somewhat, as evidenced by higher deposits and lending.
- Fiscal policies were broadly successful in building buffers prior to the global crisis; those buffers were used effectively by many CCA countries to support growth and protect the most vulnerable during the crisis.
- CCA oil and gas exporters have achieved significant improvements in living standards with the use of their energy wealth.
Subject areas and analytical focus
- Economic sectors
- Emerging and frontier financial markets
- Financial markets
- Financial sector
- Fiscal policy
- Infrastructure
- International organization
- National accounts
- Political economy
- Revenue administration
Keywords and thematic tags
- banking sector
- CCA country
- CCA financial systems
- CCA fiscal policy
- CCA growth experience
- CCA IMF country team recommendation
- Central Asia
- Central Asia and the Caucasus
- countries of the Caucasus and Central Asia
- East Asia
- Eastern Europe
- Emerging and frontier financial markets
- emerging market
- emerging market vision
- exchange rate
- Financial sector
- financial system
- Global
- Infrastructure
- monetary policy
- natural resource
- transmission mechanism
Content in this bundle
- The Caucasus and Central Asia: Transitioning to Emerging Markets
- Кавказ и Центральная Азия: Переход в категорию стран с формирующимся рынком