Russia and the IMF: The Political Economy of Macro-Stabilization
This paper reviews the experience with macroeconomic stabilization in Russia during the 2 1/2 years following the beginning of reforms in January 1992. It focuses on the different perceptions about the nature, the causes and the consequences of inflation in Russia and about the policies required to...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1994
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Schriftenreihe: | IMF Policy Discussion Papers
Papers on Policy Analysis and Assessment No. 94/20 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper reviews the experience with macroeconomic stabilization in Russia during the 2 1/2 years following the beginning of reforms in January 1992. It focuses on the different perceptions about the nature, the causes and the consequences of inflation in Russia and about the policies required to deal with it. It recounts the authorities's efforts to control inflation and discusses the major political obstacles to stabilization, including the pressures for subsidized credits, budgetary transfers and tax exemptions and interenterprise arrears. Finally, it examines the role of IMF-supported programs in the process. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 1451963939 9781451963939 |
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:13:19Z |
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spelling | Hernández-Catá, Ernesto Verfasser aut Russia and the IMF The Political Economy of Macro-Stabilization Hernández-Catá, Ernesto Washington, D.C International Monetary Fund 1994 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Policy Discussion Papers Papers on Policy Analysis and Assessment No. 94/20 This paper reviews the experience with macroeconomic stabilization in Russia during the 2 1/2 years following the beginning of reforms in January 1992. It focuses on the different perceptions about the nature, the causes and the consequences of inflation in Russia and about the policies required to deal with it. It recounts the authorities's efforts to control inflation and discusses the major political obstacles to stabilization, including the pressures for subsidized credits, budgetary transfers and tax exemptions and interenterprise arrears. Finally, it examines the role of IMF-supported programs in the process. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund Online-Ausg http://elibrary.imf.org/view/IMF003/06037-9781451963939/06037-9781451963939/06037-9781451963939.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Hernández-Catá, Ernesto Russia and the IMF The Political Economy of Macro-Stabilization |
title | Russia and the IMF The Political Economy of Macro-Stabilization |
title_auth | Russia and the IMF The Political Economy of Macro-Stabilization |
title_exact_search | Russia and the IMF The Political Economy of Macro-Stabilization |
title_exact_search_txtP | Russia and the IMF The Political Economy of Macro-Stabilization |
title_full | Russia and the IMF The Political Economy of Macro-Stabilization Hernández-Catá, Ernesto |
title_fullStr | Russia and the IMF The Political Economy of Macro-Stabilization Hernández-Catá, Ernesto |
title_full_unstemmed | Russia and the IMF The Political Economy of Macro-Stabilization Hernández-Catá, Ernesto |
title_short | Russia and the IMF |
title_sort | russia and the imf the political economy of macro stabilization |
title_sub | The Political Economy of Macro-Stabilization |
url | http://elibrary.imf.org/view/IMF003/06037-9781451963939/06037-9781451963939/06037-9781451963939.xml |
work_keys_str_mv | AT hernandezcataernesto russiaandtheimfthepoliticaleconomyofmacrostabilization |