Occasional Papers

Policy Experiences and Issues in the Baltics, Russia, and Other Countries of the Former Soviet Union

Author/Editor:

Daniel Citrin ; Ashok Lahiri

Publication Date:

June 1, 1995

Summary:

This papers reviews the common challenges and key issues in the transition process, including the decline in output and determinants of future growth; the behavior of inflation and velocity and implications for stabilization policy; interenterprise arrears; fixed versus flexible exchange rates in stabilization; external financial assistance; and the political economy of macro stabilization, Russia and the IMF.

Series:

Occasional Paper No. 1995/005

Subject:

Arrears Exchange rates External debt Foreign exchange Inflation Monetary base Money Prices Taxes Value-added tax

Notes:

Edited by Daniel A. Citrin and Ashok K. Lahiri with Jonathan Anderson, Eduard Brau, Adrienne Cheasty, Richard Hemming, Ernesto Hernandez-Cata, Jeromin Zettelmeyer.