Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97 by Luis Valdivieso

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Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97

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.

Publisher: International Monetary Fund ISBN: 9781452757049 Pages: 35