External Borrowing in the Baltics, Russia, and Other States of the Former Soviet Union PDF Download
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Author: Mr.John C. Odling-Smee
Publisher: International Monetary Fund
ISBN: 145197261X
Category : Business & Economics
Languages : en
Pages : 14
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Book Description
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: Mr.John C. Odling-Smee
Publisher: International Monetary Fund
ISBN: 145197261X
Category : Business & Economics
Languages : en
Pages : 14
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Book Description
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: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451849303
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
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: I. Kapur
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Book Description
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: Ishan Kapur
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Ishan Kapur
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Book Description
Author: Mr.Arne B. Petersen
Publisher: International Monetary Fund
ISBN: 9781557757982
Category : Business & Economics
Languages : en
Pages : 176
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Book Description
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: Donal McGettigan
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
Annotation Current account developments in the Baltics, Russia, and other countries of the former Soviet Union (FSU).
Author: Mr.Luis Valdivieso
Publisher: International Monetary Fund
ISBN: 9781557757807
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
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: Walter Iwaskiw
Publisher: CreateSpace
ISBN: 9781490435572
Category :
Languages : en
Pages : 334
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Book Description
This volume is one in a continuing series of books prepared by the Federal Research Division of the Library of Congress. This volume is about Estonia, Latvia and Lithuania.
Author: Ms.Marie Montanjees
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 176
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Book Description
This paper examines compilation issues affecting government finance statistics (GFS) in the Baltics, the Russian Federation and other states of the former Soviet Union (the FSU countries). It finds that there are several major problems affecting the use of FSU fiscal reports as source documents for compilation of GFS data. These include the inadequate coverage of the data in the fiscal reports, the structure of the classification codes, and the level of aggregation in fiscal reports. The paper also examines a number of methodological issues and suggests appropriate treatments for certain types of transactions found in the FSU countries. Finally, the paper identifies priority areas for the future development of GFS reporting systems for these countries. A supplementary paper provides bridge tables between the fiscal classification codes of selected FSU countries and the GFS classification codes; that paper is available from the author on request.
