Russia: Recent Economic Developments

August 13, 1997

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Russia: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed September 20, 2024

Summary

This paper describes economic developments in the Russian Federation during 1995–96. It reviews trends in the domestic economy. It describes developments in the public finances, monetary policy, financial sector, and the external sector. The paper highlights that the output decline slowed to 4 percent in 1995, the smallest decline since the beginning of the transition. The decline accelerated to 6 percent in 1996, with lower investment—generally attributed to the uncertainty associated first with the presidential elections and subsequently with the President’s health being a major source of the decline.

Subject: Commercial banks, Correspondent banking, Expenditure, Financial institutions, Financial services, Imports, International trade, Labor, Wages

Keywords: Banking system, Broad money, Commercial bank, Commercial banks, Correspondent banking, CR, Current account, Enterprise sector job, Exchange rate, Federal government, Foreign direct investment, Foreign exchange, Forward contract, Imports, ISCR, Second quarter, U.S. dollar, Wages

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/063
Stock No:

1RUSEA0011997
ISBN:

9781451832969
ISSN:

1934-7685

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