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Achieving Stabilization in Armenia1

Achieving Stabilization in Armenia1 »

Source: Achieving Stabilization in Armenia

Volume/Issue: 1998/38

Series: IMF Working Papers

Author(s): Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451845662

Keywords: transition economy, fiscal impulse, monetary impulse, currency substitution, inflation, monetary policy, inflation tax, foreign currency, foreign exchange

This paper examines the evolution, and impact on stabilization, of macroeconomic policies in Armenia during 1994-96. Fiscal and monetary policies have been effective in stabilizing the Armenian economy and facilita...

Armenia

Armenia »

Source: Armenia : Recent Economic Developments and Selected Issues

Volume/Issue: 1996/118

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 1996

ISBN: 9781451801415

Keywords: inflation, interest, payments, debt, monetary policy

This paper reviews economic developments in the Republic of Armenia during 1995-96. Stabilization and economic growth continued in 1995 and 1996. Official estimates indicate that real GDP increased by 6.9 percent i...

The Caucasus and Central Asia: Transitioning to Emerging Markets

The Caucasus and Central Asia: Transitioning to Emerging Markets »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly--on average by 7 percent over 1996-2011--than th...

3. Channels of Spillovers to Neighboring Countries

3. Channels of Spillovers to Neighboring Countries »

Source: The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries

Series: Departmental Papers / Policy Papers

Author(s): Ara Stepanyan , Agustin Roitman , Gohar Minasyan , Dragana Ostojic , and Natan Epstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2015

ISBN: 9781513571348

Keywords: External shocks, Russian Federation, Economic growth, Negative spillovers, Regional shocks, Central Asia and the Caucasus, Central and Eastern Europe, Baltics, Regional trade, Remittances

Trade and remittances are the main channels of outward spillovers from Russia on neighboring countries (see Figure 1). Trade channel is particularly prominent in CIS and Baltic countries, given...

Chapter 6. CCA Fiscal Policy and Fiscal Frameworks

Chapter 6. CCA Fiscal Policy and Fiscal Frameworks »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The fiscal situation and fiscal institutions of CCA countries improved substantially over the last 20 years, although fiscal and public debt positions deteriorated following the global crisis and in most CCA...

Chapter 1. Introduction

Chapter 1. Introduction »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly—on average by 7 percent over...

Chapter 7. Management of Energy Resource Wealth in the CCA

Chapter 7. Management of Energy Resource Wealth in the CCA »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

The energy-rich CCA countries (ER-CCA; Azerbaijan, Kazakhstan, and Turkmenistan) have achieved significant improvements in living standards with the development and use of their energy wealth since the break...

Chapter 4. Monetary and Exchange Rate Policy in the CCA: Progress, Challenges, and Policies for the Next Decade

Chapter 4. Monetary and Exchange Rate Policy in the CCA: Progress, Challenges, and Policies for the Next Decade »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Over the past twenty years, CCA countries have made significant progress in strengthening monetary and exchange rate policy frameworks and in securing better policy outcomes—lower inflation and interest rate...

Chapter 8. Policies to Strengthen CCA External Linkages

Chapter 8. Policies to Strengthen CCA External Linkages »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Enhanced economic and financial cooperation with the rest of world and within the CCA offers tremendous opportunities for economic diversification and structural transformation to ensure sustainable growth....

Chapter 9. Structural Reforms and Political Economy30

Chapter 9. Structural Reforms and Political Economy30 »

Source: The Caucasus and Central Asia : Transitioning to Emerging Markets

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2014

ISBN: 9781484305140

Keywords: Energy sector, Emerging markets, Financial sector, Economic growth, Bank supervision, Political economy, Fiscal reforms, Fiscal policy, Monetary policy, Middle East and Central Asia

Ambitious and decisive structural reforms are necessary for a better business environment and strong private-sector-led growth. Throughout their transition, CCA countries have advanced first generation refor...