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Disinflation in Transition Economies : The Role of Relative Price Adjustment

Coorey, Sharmini - 1996

. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework … controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price …In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation …

Persistent link: https://www.econbiz.de/10014396197

Explaining the Behavior of Financial Intermediation : Evidence From Transition Economies

Rother, Philipp C. - 1999

This paper investigates the effects of macroeconomic and structural variables on financial intermediation. To this end, it presents a theoretical foundation for two new measures of intermediation, the money multiplier and the ratio of private sector credit to monetary base. Results from panel...

Persistent link: https://www.econbiz.de/10014401208

Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-1997

Lybek, Tonny - 1999

countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be …

Persistent link: https://www.econbiz.de/10014403427

Price Liberalization, Money Growth, and Inflation During the Transition to a Market Economy

Hernández-Catá, Ernesto - 1999

lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that …This paper examines the influence of economic liberalization and monetary growth on inflation during the transition … from central plan to market. It concludes that price decontrol had a substantial, one-time effect on the price level but no …

Persistent link: https://www.econbiz.de/10014400971

Explaining and Forecasting the Velocity of Money in Transition Economies, with Special Reference to the Baltics, Russia, and other Countries of the Former Soviet Union

International Monetary Fund - 1997

incorporating price stickiness and inflation inertia, and carries out an econometric analysis of the behavior of real money balances …The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation … during inflation stabilization. The paper concludes by assessing the prospects for velocity developments in countries in …

Persistent link: https://www.econbiz.de/10014400305

External Borrowing by the Baltics, Russia and Other Countries of the Former Soviet Union : Developments and Policy Issues

International Monetary Fund - 1997

Many countries among the Baltics, Russia and other CIS states are increasingly borrowing on international capital markets, a development that generally reflects their success in achieving financial stabilization. In view of the low level of domestic saving and large capital requirements,...

Persistent link: https://www.econbiz.de/10014400646

Government Expenditure Arrears : Securitization and Other Solutions

Ramos, Alberto M. - 1998

On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at best, on an unspecified future date and for an uncertain value. Having untitled...

Persistent link: https://www.econbiz.de/10014400768

Reforming Tax Systems : Experience of the Baltics, Russia, and Other Countries of the Former Soviet Union

Stepanyan, Vahram - 2003

Starting in the early 1990s, the Baltics, Russia, and other (BRO) countries of the former Soviet Union initiated tax reforms that varied widely at the later stages. Recently, some of the BRO countries, basing decisions on the proposition that lowering of the top marginal income tax rate would...

Persistent link: https://www.econbiz.de/10014403879

Pension Reform in the Baltics, Russia, and Other Countries of the Former Soviet Union (BRO)

International Monetary Fund - 1998

Despite their increasing fiscal burden, the public pension systems of BRO countries are failing to provide adequate social protection. Although there is a broad consensus about the need for pension reforms, BRO countries are debating whether to embark on systemic reforms or whether to correct...

Persistent link: https://www.econbiz.de/10014401886

Improving Governance and Fighting Corruption in the Baltic and CIS Countries : The Role of the IMF

Gürgen, Emine - 2000

This paper examines the indirect role the IMF plays in combating corruption in the Baltic and CIS countries by promoting structural reforms that help improve economic governance and thus reduce opportunities for rent-seeking behavior. The analysis draws on examples of actual experience with...

Persistent link: https://www.econbiz.de/10014399802

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