Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97
January 6, 1999
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This paper discusses the significant overall progress with macro stabilization of these transition countries during 1992-1997. While average inflation declined steadily since 1992, output fell significantly for many of these countries during this period, and it was not unti 1996-97 that as a group they experienced positive growth, financial policies, the current account, competitiveness, debt-and non-debt-creating capital flows, and the initial impact of the Asian crisis.
Subject: Currency markets, Debt burden, External debt, Financial markets, Foreign exchange, International capital markets, Real exchange rates
Keywords: adjustment program, Baltics, Currency markets, Debt burden, deficit, exchange market pressure, IMF staff estimate, IMF support, intermediate reformer, International capital markets, OP, Real exchange rates, reformer, SBA III, treasury bill market
Pages:
35
Volume:
1999
DOI:
Issue:
001
Series:
Occasional Paper No. 1999/001
Stock No:
S175EA0000000
ISBN:
9781557757807
ISSN:
0251-6365
