Most economies with a legacy of central planning are changing in fundamental ways. With the rapid economic, social, and political changes in these economies an update of the first edition of Historically Planned Economies (HPEs): A Guide to the Data, has become necessary. In addition to...

This paper reviews macroeconomic developments in Albania during 1997–99. Backed by a tightening of monetary policy, inflation subsided quickly in the second half of 1997, and the exchange rate recovered from its earlier sharp depreciation. In 1998, the authorities continued on the path toward...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country