Czech Republic : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

January 23, 1997

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. 96/147

Subject(s):

English

Publication Date:

January 23, 1997

ISBN/ISSN:

9781451810004/1934-7685

Stock No:

1CZEEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

202

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