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The Transition Economies After Ten Years
Fischer, Stanley; Sahay, Ratna - International Monetary Fund (IMF) - 2000
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10005825770
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Lithuania; Recent Economic Developments
International Monetary Fund (IMF); International … - 1996
This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The...
Persistent link: https://www.econbiz.de/10005825020
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China's Growth and Integration into the World Economy; Prospects and Challenges
Prasad, Eswar - International Monetary Fund (IMF) - 2004
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
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Chile; Institutions and Policies Underpinning Stability and Growth
Kalter, Eliot; Phillips, Steven; Singh, Manmohan; … - International Monetary Fund (IMF) - 2004
This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
Persistent link: https://www.econbiz.de/10005767351
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Evolution and Performance of Exchange Rate Regimes
Brooks, Robin; Rogoff, Kenneth; Mody, Ashoka; Oomes, Nienke - International Monetary Fund (IMF) - 2004
regimes. It also reviews the performance of exchange rate regimes in terms of inflation and business cycles. …
Persistent link: https://www.econbiz.de/10005590922
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The Role of the Exchange Rate in Inflation-Targeting Emerging Economies; Targeting Emerging Economies
Nordstrom, Anna; Roger, Scott; Stone, Mark R.; Shimizu, … - International Monetary Fund (IMF) - 2009
This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that … has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation … targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little …
Persistent link: https://www.econbiz.de/10011245907
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Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
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The Measurement of Central Bank Autonomy; Survey of Models, Indicators, and Empirical Evidence
Laurens, Bernard; Arnone, Marco; Segalotto, Jean-François - International Monetary Fund (IMF) - 2006
This paper presents a survey of the literature on the measurement of central bank autonomy. We distinguish inputs that constitute the building blocks in the literature, and the literature that builds on them. Issues including sensitivity analysis, robustness, and endogeneity are discussed. The...
Persistent link: https://www.econbiz.de/10005769279
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Evolution and Performance of Exchange Rate Regimes
Husain, Aasim M.; Mody, Ashoka; Oomes, Nienke; Brooks, Robin - International Monetary Fund (IMF) - 2003
regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop …
Persistent link: https://www.econbiz.de/10005599274
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Exchange Rate Policy in Developing Countries; Some Analytical Issues
Montiel, Peter; Aghevli, Bijan B.; Khan, Mohsin S. - International Monetary Fund (IMF) - 1991
This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness.
Persistent link: https://www.econbiz.de/10005767344