The IMF and Russia in the 1990's
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Summary:
This paper explains the IMF's impact on economic policies in Russia, focusing on where the IMF made a difference. The Russian economic and political leadership essentially determined economic policies. The IMF's influence was modest: it had only a limited impact on overall fiscal policy and the major structural reforms, but it had a positive impact on monetary policy. A tougher position on fiscal policy in 1996-98 might have produced a better outcome. The G-7's concerns weakened the IMF. However, the IMF played a major role in transferring knowledge about macroeconomic policymaking and implementation.
Series:
Working Paper No. 2004/155
Subject:
Correspondent banking Financial services Fiscal policy Government debt management Macrostructural analysis Public financial management (PFM) Revenue administration Structural reforms
English
Publication Date:
August 1, 2004
ISBN/ISSN:
9781451857344/1018-5941
Stock No:
WPIEA1552004
Pages:
48
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