Transforming Financial Systems In The Baltics Russia And Other Countries Of The Former Soviet Union
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| Author | : Mr.Arne B. Petersen |
| Publisher | : International Monetary Fund |
| Total Pages | : 176 |
| Release | : 1999-05-06 |
| Genre | : Business & Economics |
| ISBN | : 9781557757982 |
In 1991, the Baltics, Russia and other countries of the former Soviet Union set out on the road to establishing market economies by lieberalizing prices, dismantling the instruments of central planning, and initiating a process of fundamental structural reforms. Since then these 15 countries have taken substantial steps toward achieving macroeconomic stabilization, and are well advanced in many areas of the transformation to market economies. In particular, considerable progress has been made in developing market-oriented financial structures. Edited by Malcolm Knight, Arne B. Petersen, and Robert T. Price, this volume focuses more narrowly on progress achieved in the area of market-oriented central bank and financial system reforms.
| Author | : Mr.Luis Valdivieso |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 1999-01-06 |
| Genre | : Business & Economics |
| ISBN | : 9781557757807 |
This paper discusses the significant overall progress with macro stabilization of these transition countries during 1992-1997. While average inflation declined steadily since 1992, output fell significantly for many of these countries during this period, and it was not unti 1996-97 that as a group they experienced positive growth, financial policies, the current account, competitiveness, debt-and non-debt-creating capital flows, and the initial impact of the Asian crisis.
| Author | : Mr. J. C. Odling-Smee |
| Publisher | : International Monetary Fund |
| Total Pages | : 15 |
| Release | : 1998-05-01 |
| Genre | : Business & Economics |
| ISBN | : 1455250724 |
The external debt of many countries of the Baltics, Russia, and the former Soviet Union has been growing rapidly in recent years and has played an important part in the transition process. However, it is vital to strike a balance between financing transition and ensuring that the external debt is not used to finance wasteful expenditures or delay the transition process. This is especially important since the rising stock of external debt makes the borrowing countries increasingly vulnerable to changes in perceived creditworthiness. Accordingly, countries must adopt policies, including pressing ahead with structural reforms, to ensure that the borrowing is used to promote sound growth.
| Author | : I. Kapur |
| Publisher | : |
| Total Pages | : 43 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
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, recourse to foreign borrowing may of course generate significant benefits for these economies in transition. However, the rapid increase in external debt suggests that consideration also needs to be given to the risks from too high a dependence on foreign saving, including inter alia risk of the postponement of needed structural reforms.
| Author | : David Foley |
| Publisher | : Rowman & Littlefield |
| Total Pages | : 323 |
| Release | : 2018-11-16 |
| Genre | : Political Science |
| ISBN | : 1498571794 |
Research and analysis of the post-Soviet Russian experience of political, economic and social change have generally focused attention on the complications and influences of the Soviet legacy on the transition process with most early main stream studies emphasizing the difficulties of the adoption of the institutions of democracy and a free market economy to the centralized command and control legacy structures carried over from that adjacent system to the more recent analyses that have attempted to explain why the Putinist hybrid authoritarian democracy emerged to take control of the Russian state. The complex nature of the Russian experience of political, social and economic change had yet to be explained as a long-term legacy analysis until now with the linkages presented in this study of the legacies and structures that have defied attempts at reform by the Bolsheviks, the Soviets and the modern Republicans. The political geography of Russia represents a districting system that defines the people and places and represents an influential legacy structure that has had a long reach from the Russia of Imperialism to the Russia of Putinism and the twenty first century. A clearer understanding of the influences the Imperial legacy brings to the Russian transformation enables the student of post-Soviet Russian transition an opportunity to contextualize the strong linkages of historical governance structures with the one hundred years of Bolshevik and Soviet system capture and the struggles of transformation faced by the government and people of Russia today.
| Author | : Pradeep Mitra |
| Publisher | : World Bank Publications |
| Total Pages | : 164 |
| Release | : 2002 |
| Genre | : Business & Economics |
| ISBN | : 9780821350386 |
The wide variation in transition economies raises questions about differences in economic growth, the applicability of transition policies, and the advantages of economic reform. This report seeks to answer these questions.
| Author | : S. Burki |
| Publisher | : Springer |
| Total Pages | : 254 |
| Release | : 2004-12-07 |
| Genre | : Social Science |
| ISBN | : 0230522599 |
Transforming Socialist Economies: Lessons for Cuba and Beyond argues that countries with centrally-planned economies can pursue divergent paths towards market liberalization. The book reviews the reform processes of China, the Central Asian Republics, Eastern Europe, Russia, Vietnam, and the role of the international financial institutions, and draws lessons for Cuba, a country on the verge of wider economic transformation.
| Author | : Elodie Douarin |
| Publisher | : Springer Nature |
| Total Pages | : 982 |
| Release | : 2021-02-13 |
| Genre | : Political Science |
| ISBN | : 3030508889 |
This book aims to define comparative economics and to illustrate the breadth and depth of its contribution. It starts with an historiography of the field, arguing for a continued legacy of comparative economic systems, which compared socialism and capitalism, a field which some argued should have been replaced by institutional economics after the fall of the Berlin Wall. The process of transition to market capitalism is reviewed, and itself exemplifies a new combination of comparative analysis with a focus on institutional development. Going beyond, chapters broadening the application of comparative analysis and applying it to new issues and approaches, including the role and definition of institutions, subjective wellbeing, inequality, populism, demography, and novel methodologies. Overall, comparative economics has evolved in the past 30 years, and remains a powerful approach for analyzing important issues.
| Author | : Juliet Johnson |
| Publisher | : Cornell University Press |
| Total Pages | : 311 |
| Release | : 2016-02-25 |
| Genre | : Political Science |
| ISBN | : 1501703757 |
Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance providers, policymakers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking community concentrated in Western Europe and North America integrated postcommunist central bankers into its network, shaped their ideas about the role of central banks, and helped them develop modern tools of central banking. Johnson's detailed comparative studies of central bank development in Hungary, the Czech Republic, Slovakia, Russia, and Kyrgyzstan take readers from the birth of the campaign in the late 1980s to the challenges faced by central bankers after the global financial crisis. As the comfortable certainties of the past collapse around them, today’s central bankers in the postcommunist world and beyond find themselves torn between allegiance to their transnational community and its principles on the one hand and their increasingly complex and politicized national roles on the other. Priests of Prosperity will appeal to a diverse audience of scholars in political science, finance, economics, geography, and sociology as well as to central bankers and other policymakers interested in the future of international finance, global governance, and economic development.
| Author | : David Vines |
| Publisher | : Cambridge University Press |
| Total Pages | : 470 |
| Release | : 2004-02-26 |
| Genre | : Business & Economics |
| ISBN | : 1139449753 |
The IMF is the first economic institution in line to protect countries from the effects of financial crises and to insulate the world economy from possible systemic risk. However, many argue that the IMF is insufficiently equipped to do this job, while others argue almost the opposite: the IMF's well-intentioned actions induce other countries to take risks which increase their exposure from both universities and the multilateral agencies, combines rigourous economic analysis with insider perspectives on key policy debates. It analyses the Asian and Argentine financial crises of the late 1990s, issues of policy ownership, the more general quest for financial stability and governance of the IMF. It is an essential reference for anyone interested in the role of international financial institutions in our globalised economy.
