IMF Working Papers

The Russian Federation in Transition: External Developments

By Benedicte Vibe Christensen

September 1, 1993

Preview Citation

Format: Chicago

Benedicte Vibe Christensen. The Russian Federation in Transition: External Developments, (USA: International Monetary Fund, 1993) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper discusses Russia’s balance of payments developments in recent years: the initial macroeconomic imbalances and systemic shocks which set the stage for the critical balance of payments difficulties Russia faced in the early 1990s; the lessons from the early phases of Russia’s economic reforms; the choices faced by the Russian Government and the international community in supporting the government’s reform efforts; and the external debt situation. This analysis also points to external adjustment issues which Russia will face in the period ahead, including the potential for an early reversal of the export decline and the nature of external financing and debt problems.

Subject: Debt service, Exports, External debt, Foreign exchange, Imports, International trade

Keywords: Arms export, CMEA country, Consumer goods, Creditor government guarantee, Debt service, Eastern Europe, EFTA country, Exports, FSU area, FSU government, Government import, Imports, Long-term debt, Russian government, Short-term debt, Union government, WP, Zero option

Publication Details

  • Pages:

    78

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1993/074

  • Stock No:

    WPIEA0741993

  • ISBN:

    9781451849516

  • ISSN:

    1018-5941

You May Also Be Interested In...

Guidance Note On The Financing Assurances And Sovereign Arrears Policies And The Fund's Role In Debt Restructurings

November 18, 2024

EBA-Lite 3.0 Model and Methodology

November 18, 2024

Islamic Republic of Mauritania: Technical Assistance Project on Public Debt Projections: Scoping Mission Report

November 15, 2024

Foreign Exchange Intervention Under the Integrated Policy Framework: The Case of India

November 15, 2024