Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Luis Valdivieso
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1999
E-ISBN: 9781452747996
P-ISBN(Paperback): 9781557757807
Subject： F0 Economics;F8 Finances
Language： ENG
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Description
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.