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

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  • Mr. Luis Valdivieso

Abstract

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.

Suggested Citation

  • Mr. Luis Valdivieso, 1999. "Macroeconomic Developments in the Baltics, Russia, and Other Countries of the Former Soviet Union, 1992-97," IMF Occasional Papers 1999/001, International Monetary Fund.
  • Handle: RePEc:imf:imfops:1999/001
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