Slovak Republic: Recent Economic Developments

This paper reviews economic developments in the Slovak Republic during 1994-97. In 1996, a large current account deficit emerged as domestic demand surged by more than 20 percent. At the same time, fiscal policy became expansionary, with the fiscal position turning from surplus to deficit. These imb...

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Körperschaft: International Monetary Fund (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 1998
Schriftenreihe:IMF Staff Country Reports IMF Staff Country Report No. 98/60
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Zusammenfassung:This paper reviews economic developments in the Slovak Republic during 1994-97. In 1996, a large current account deficit emerged as domestic demand surged by more than 20 percent. At the same time, fiscal policy became expansionary, with the fiscal position turning from surplus to deficit. These imbalances persisted into 1997. In an effort to reverse the deterioration in the external accounts, monetary policy was tightened, but its effectiveness in slowing down domestic demand was undermined by a fiscal policy that became even more expansionary
Beschreibung:1 Online-Ressource (98 p)
ISBN:145183537X
9781451835373

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