Executive Board
Calendar
Board Discussions
on the Kyrgyz Republic:

Previous:
December 4, 2013
June 10, 2013
December 3, 2012
December 7, 2011
June 20, 2011

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 4.4 4.9
Consumer Prices 6.1 6.6
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Kyrgyz Republic: Financial Position in the Fund

Transactions with the Fund


IMF Resident Representative
Office in Kyrgyz Republic


You may contact us about Kyrgyz Republic and the IMF at Contact Us


Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile


Kyrgyz Republic and the IMF
Updated August 12, 2014

Show all items sorted by date  Show all items sorted by type 
Staff Papers
December 01, 2000 -- IMF Staff Papers - Volume 47, Number 2, 2000 - Ratchet Effects in Currency Substitution: An Application to the Kyrgyz Republic, by Joannes Mongardini and Johannes Mueller
Currency substitution has been a common issue in the design of monetary policy in most transition economies. This paper analyzes the persistence of this phenomenon in the Kyrgyz Republic up to start of the Russia crisis by including a ratchet variable in the model specification. It concludes that, while some degree of persistence was present in the allocation of bank deposits at that time, currency substitution in the economy at large had not yet reached a point where reversing it would have been costly.