Czech Republic: Recent Economic Developments
Summary:
This paper describes economic developments in the Czech Republic during 1990–95. In 1991–93, quick progress was made in containing inflation, rebuilding foreign reserves, and restoring confidence in economic policies; and this was followed by resumption of growth in 1994. Financial and political stability and continued progress toward a market economy attracted large capital inflows in 1993–95. In spite of attempts to sterilize these inflows, monetary growth was rapid and fueled a boom in domestic demand, which in turn widened the current account deficit and maintained inflation at relatively high levels.
Series:
Country Report No. 1996/147
Subject:
Balance of payments Banking Budget planning and preparation Capital inflows Exchange rates Expenditure Foreign exchange Monetary base Money Public financial management (PFM)
English
Publication Date:
January 23, 1997
ISBN/ISSN:
9781451810004/1934-7685
Stock No:
1CZEEA0011996
Pages:
202
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