Uzbekistan: Recent Economic Developments
November 4, 1998
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This paper reviews economic developments in the Republic of Uzbekistan during 1992–97. It compares growth in Uzbekistan with that of other transition economies and seeks to shed light on why Uzbekistan has suffered a smaller transformational recession than other transition economies. The paper covers the existing arrangements for production and trade in agriculture, and estimates the costs for agriculture arising from state procurement and the multiple exchange rate system. The paper also traces the effects of multiple exchange rates and other quasi-fiscal operations on the economy as a whole.
Subject: Agricultural commodities, Agricultural sector, Commercial banks, Commodities, Exchange rates, Financial institutions, Foreign exchange, Imports, International trade
Keywords: Africa, Agricultural commodities, Asia and Pacific, Baltics, central bank, Commercial banks, consumer goods, CR, curb exchange market, Eastern Europe, Europe, exchange market operation, exchange rate, Exchange rates, foreign currency, government, Imports, ISCR, market, price, Uzbek growth experience, Western Hemisphere, yield
Pages:
133
Volume:
1998
DOI:
Issue:
116
Series:
Country Report No. 1998/116
Stock No:
1UZBEA0011998
ISBN:
9781451839784
ISSN:
1934-7685
