This paper analyzes behavior of the real deposits in Georgia in1996-2009 by modeling demand for the real broad money …

substitution when the currency reform was implemented. The paper also discusses the relatively rapid output recovery in Georgia …

The significant real exchange rate appreciation in Armenia and Georgia since 2003, coupled with persistent current …

Georgia, focusing on currency mismatches. In reviewing developments over the last five years, the paper finds that the still …

The paper explains the behavior of inflation in Georgia in the post-stabilization period. A long-run equation linking … inflation in Georgia. The equation explains well the behavior of inflation after the Russian crises, when inflation increased … sharply but was quickly brought under control, as the National Bank of Georgia kept its monetary policy tight and the exchange …

Starting in 2005, nontax revenue in Georgia is expected to rise significantly, in the form of transit fees for oil …

This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that …

This paper reviews the current monetary and exchange rate policy frameworks in Armenia and Georgia, and the challenges …